Completion of German Offshore wind sell down

10 March 2025

The Renewables Infrastructure Group Limited "TRIG" or "the Company", a London-listed renewables investment company advised by InfraRed Capital Partners ("InfraRed") as Investment Manager and Renewable Energy Systems ("RES") as Operations Manager.

Completion of German Offshore wind sell down

· Completion of the sale of a 15.2% equity stake in the Gode One offshore wind farm at a 9% premium to carrying value

· Proceeds of €100m received and have been used to reduce borrowings under the Company's Revolving Credit Facility (RCF) to £228m

TRIG announces that the sale of a 15.2% equity interest in the 330MW Gode offshore wind farm project in Germany, reported on 1 August 2024, has completed following the receipt of relevant consents and clearances with proceeds of €100m received. TRIG retains a 9.8% equity interest in the project. The sale proceeds have been applied to reduce borrowings under the Company's RCF to £228m.

This completed sale brings the total of divestment proceeds received by TRIG in the past 24 months to £210m at an average 11% premium to carrying values. These disposals, together with further disposals and financings being pursued by the Managers, underpinned the Board's decision to increase the Company's share buyback programme, as previously announced, from £50m to £150m.

Enquiries

InfraRed Capital Partners Limited +44 (0) 20 7484 1800Minesh Shah

Phil George

Mohammed Zaheer

Brunswick +44 (0) 20 7404 5959 / [email protected]

Mara James

Investec Bank Plc +44 (0) 20 7597 4000

Lucy Lewis

Tom Skinner

BNP Paribas +44 (0) 20 7595 9444

Virginia Khoo

Carwyn Evans

Notes

The Company

The Renewables Infrastructure Group ("TRIG" or the "Company") is a leading London-listed renewable energy infrastructure investment company. The Company seeks to provide shareholders with an attractive long-term, income-based return with a positive correlation to inflation by focusing on strong cash generation across a diversified portfolio of predominantly operating projects.

TRIG is invested in a portfolio of wind, solar and battery storage projects across six markets in Europe with aggregate net generating capacity of 2.7GW; enough renewable power for 1.8 million homes and to avoid 2.2 million tonnes of carbon emissions per annum.

Further details can be found on TRIG's website at www.trig-ltd.com.

Investment Manager

InfraRed Capital Partners is an international infrastructure asset manager, with more than 160 professionals operating worldwide from offices in London, Madrid, New York, Sydney and Seoul. Over the past 25 years, InfraRed has established itself as a highly successful developer and steward of infrastructure assets that play a vital role in supporting communities. InfraRed manages US$13bn of equity capital1 for investors around the globe, in listed and private funds across both core and value-add strategies.

InfraRed is part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.

For more information, please visit www.ircp.com.

1 Uses 5-year average FX as at 30th June 2024 of GBP/USD of 1.2821; EUR/USD 1.1141. EUM is USD 12.741m.

Operations Manager

TRIG's Operations Manager is RES ("Renewable Energy Systems"). RES is the world's largest independent renewable energy company, working across 24 countries and active in wind, solar, energy storage, biomass, hydro, green hydrogen, transmission, and distribution. An industry innovator for over 40 years, RES has delivered more than 24GW of renewable energy projects across the globe and plans to bring more than 22GW of new capacity online in the next five years.

As a service provider, RES has the skills and experience in asset management, operations and maintenance (O&M), and spare parts - supporting 41GW of renewable assets across 1,300 sites. RES brings to the market a range of purposeful, practical technology-based products and digital solutions designed to maximise investment and deployment of renewable energy. RES is the power behind a clean energy future where everyone has access to affordable zero carbon energy bringing together global experience, passion, and the innovation of its 4,500 people to transform the way energy is generated, stored and supplied.

Further details can be found on the website at www.res-group.com.