TRIG adds French solar: €10.6 million agreement

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TRIG adds French solar: €10.6 million agreement

13/07/2016 08:20 Renewable

The Renewables Infrastructure Group (TRIG) has decided to acquire a 51% interest in the 12MW Midi solar park in southern France.

The UK listed fund will pay €10.6 million for the stake from investment funds run by 123Venture, as it declared. French maker Akuo Energy, which finalized the plant in 2012, will continue to possess a 49% interest in the facility as well as operation and maintenance services. The project benefits from an electricity purchase deal with EDF expiring in 2032. The agreement takes the net producing capacity of TRIG's portfolio to 686MW.

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