Tulchan to handle comms on green energy float

Tulchan Communications has been mandated to lead comms on the £300m London float of wind and solar power investor The Renewables Infrastructure Group.

Green energy: Tulchan to handle Renewables Infrastructure Group float
Green energy: Tulchan to handle Renewables Infrastructure Group float

The company unveiled plans to float on the London Stock Exchange yesterday, using the proceeds to buy a portfolio of solar parks and wind farms in the UK, Ireland and France.

The IPO, set to be completed before the end of July, will be the largest UK green energy float of 2013, topping the £260m Greencoat UK Wind offering earlier this year.

Tulchan also handled comms on the oversubscribed Greencoat float in March. Greencoat’s share price has subsequently risen seven per cent.

Tulchan’s team is led by consultants Ed Orlebar and Peter Hewer and associate Rebecca Scott.

The intention to float announcement highlighted the growing role of renewable power in the UK and EU energy mix.

The announcement referenced the ‘supportive regulatory framework with EU-wide renewable energy target of 20 per cent by 2020.

‘In the UK and Northern Europe, onshore wind and solar PV, two technologies with proven operational track records and strong annual growth in installed capacity, provide a substantial proportion of new renewable energy infrastructure installations.’

The fund’s investment manager will be InfraRed Capital Partners and the assets will be managed by Renewable Energy Systems (RES).

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