The Renewables Infrastructure Group (TRIG) has acquired a 100% interest in the Haut Vannier wind project in France, near the city of Dijon.
TRIG has secured the rights to construct a 43MW wind farm located in Haute-Marne, through acquiring the project, which has been developed by Envision and Velocita.
Envision and Velocita will continue to carry out the construction of the wind farm which will consist of 17 Envision 2.5MW E-131 turbines.
Haut Vannier is expected to commence operations in the first quarter of 2022.
RES will provide asset owner engineer services during the construction period.
The wind farm will benefit from an attractive 20-year subsidy in the form of an inflation linked contract-for-difference with EDF.
TRIG said the acquisition represents the continuation of the company's strategy to “complement its balanced portfolio with different revenue characteristics to generate sustainable returns for shareholders”, within TRIG's identified key markets.
Once constructed, the Project would represent approximately 1% of TRIG's portfolio value on a committed investment basis.
Following this acquisition, the percentage of TRIG's assets which are in construction will be approximately 10%.