TRIG signs 10-year PPA with Virgin Media O2

15 October 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.

TRIG signs 10-year PPA with Virgin Media O2

TRIG announces that it has entered into a corporate Power Purchase Agreement ("PPA") for its Garreg Lwyd and Earlseat onshore wind farms with Telefonica UK / Virgin Media O2 ("VMO2"). Pricing has been agreed for the duration of the 10-year PPA on pay-as-produced terms. The new PPA provides TRIG with long-term price security while delivering VMO2 a supply of renewable power at an agreed price.

Located in Wales and Scotland respectively, the wind farms have a combined generational capacity of 50MW. The projects are managed by RES, TRIG's operations manager.

Minesh Shah, Managing Director for The Renewables Infrastructure Group said: "Actively managing project revenues is one of the key growth levers for TRIG. We are therefore pleased to be entering into this corporate power purchase agreement with Virgin Media O2. Such agreements present an attractive opportunity to support businesses in accessing renewable electricity at a fixed price, while delivering secure, long-term revenue streams for our shareholders - a structure that benefits both commercial decarbonisation and sustainable investment."

Enquiries

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

Phil George

Mohammed Zaheer

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

Diana Vaughton

Charles Malissard

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 a net operational capacity of 2.3GW; enough renewable power for 1.8 million homes and to avoid 2.0 million tonnes of carbon emissions per annum.

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

Investment Manager

InfraRed is a leading international mid-market infrastructure asset manager. Over the past 25 years, InfraRed has established itself as a highly successful developer, particularly in early-stage projects, and an active steward of essential infrastructure.

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 combines a global reach, operating worldwide from offices in London, Frankfurt, Madrid, New York, Sydney and Seoul, with deep sector expertise from a team of more than 160 people.

InfraRed is part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life, and benefits from its scale and global platform.

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

1 Uses five-year average FX as at 31 December 2024 of GBP/USD of 1.2818; EUR/USD 1.1092. EUM is USD 13.186bn

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.