The Renewables Infrastructure Group (“TRIG”), a FTSE 250 listed renewable energy infrastructure investment company, has entered into a Power Purchase Agreement for two of its French wind farms to supply Hyd’Occ, a green hydrogen facility located in Port-la Nouvelle.
The PPA is an agreement for TRIG to supply Hyd’Occ with renewable electricity from the Company’s onshore wind farms located in the Occitanie region. The green hydrogen production unit is currently under construction and due to be commissioned in 2025. It will contribute to the energy transition through the development of a low-carbon hydrogen industry in the region.
Minesh Shah, Managing Director for TRIG, said: “Entering into attractive Power Purchase Agreements is an important part of TRIG’s revenue management strategy. Supplying projects such as Hyd’Occ with locally-generated, renewable electricity is another step towards our ambition of a cleaner, more secure future.”
Guirec Dufour, Managing Director of Qair France, said: “We are delighted to partner with TRIG to supply part of the electricity needed for renewable hydrogen production in the Occitanie region. Once operational, our production unit will be capable of producing 3,000 tons of renewable hydrogen annually.”
Nicolas Lanoue de Menthon, head of PPA & Energy markets at RES Services (PPA advisor to TRIG on this transaction): “RES Services is pleased to have advised on this transaction and to have established a new partnership contributing to decarbonization by producing green hydrogen fed by local wind farms operated by RES for TRIG.”
Stéphane Péré, Managing Director at AREC Occitanie: “AREC, a key player in the Hyd’Occ project, a pioneering venture in France due to its scale, welcomes this agreement. It secures the supply of renewable electricity for the production of renewable hydrogen, advancing the Green Hydrogen Plan of the Occitanie Region.”
Information for Editors
TRIG
The Renewables Infrastructure Group (“TRIG”) is a leading London-listed renewable energy infrastructure investment company. TRIG is advised by InfraRed Capital Partners as its investment manager and RES as its operations manager.
TRIG 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 countries 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. TRIG is seeking further suitable investment opportunities which fit its stated Investment Policy.
Further details can be found on TRIG’s website at www.trig-ltd.com.