InfraRed Capital-backed TRIG to acquire a 49% stake in Valdesolar solar plant of Repsol for €117m.

InfraRed Capital-backed The Renewables Infrastructure Group, an investment company, agreed to acquire a 49% stake in Valdesolar solar plant of Repsol, a firm that explores for and produces crude oil and natural gas, for €117m ($123m). "We are delighted to incorporate TRIG as a strong partner in Valdesolar. This transaction again demonstrates the attractiveness of our renewable projects, accelerating the crystallization of value in operating assets, with the objective of reinvesting in new opportunities that will help us reach 6 GW of installed renewable generation capacity by 2025, and 20 GW by 2030," João Costeira, Repsol Executive Director of Low Carbon Generation.