The Renewables Infrastructure Group (TRIG) is hoping to increase its solar and wind assets by up to £200 million of investment a year.
Chris Copperwaite, from investment services firm Dexion Capital, TRIG's administrator, confirmed the figure with PV Tech's sister site Solar Power Portal.
TRIG has raised £312 million for investment UK renewables already, with a further £1-2 million capital that could be raised in March, in equity and debt, of additional investment for wind and solar projects, expected next year.
TRIG aims to increase its solar portfolio to around a third, an increase from the current level of 17% and up from the 10% portion of its portfolio that solar held last year.
TRIG’s initial portfolio consisted of 14 wind farms and four solar farms with a generating capacity of around 265MW.
Copperwaite confirmed other reports that TRIG prefers a mix of wind and solar due to their complementary energy generation.
TRIG’s key shareholder, its operations manager and renewables developer Renewable Energy Systems, has also identified further renewables investment opportunities for TRIG in the near future.
TRIG aims to provide a reliable return, while focusing on investment in solar and wind projects in the UK; TRIG is currently focusing its funds on operating solar and wind farms in the UK, France and Ireland.
Correction: from “UK solar to gain” to “UK solar and wind to gain” original Dexion is “the parent company” corrected to “administrator”, original also stated shares will be released in March, both corrected by a spokeswoman for TRIG.