The Renewables Infrastructure Group Limited (TRIG), a London-listed renewable energy investment company, said it agreed to dispose of its entire 17.5% stake in the Beatrice offshore wind farm off the north-east coast of Scotland for £155 million.

TRIG said: “TRIG has received a binding offer for its entire 17.5% equity interest in the 588MW Beatrice offshore wind farm, which is located off the north-east coast of Scotland. The consideration is c. £155m.

“The offer has been received from an existing co-shareholder (funds managed by Equitix Investment Management Ltd) in accordance with the pre-emption terms in the project’s shareholders’ agreement. The transaction is subject to transaction documentation and customary consents.

“The expected consideration is at a 4% discount to the valuation of TRIG’s stake in the Beatrice wind farm as at 31 December 2025 and represents meaningful progress against the 12-month £400m capital realisation target set at the Capital Markets Seminar in May 2026.

“The c. £155m proceeds of the sale will be used to reduce borrowings under the company’s revolving credit facility, which was drawn c. £240m as at 31 March 2026.

“The sale will also reduce project-level borrowings by c. £220m representing TRIG’s share of the associated project-level debt in Beatrice. In aggregate, the sale will reduce borrowings across the group, which were c. £2.1bn as at 31 March 2026, by c. £375m.“

TRIG Managing Director Minesh Shah said: “The expected £155m consideration for our stake in the Beatrice offshore wind farm represents meaningful progress towards our 12-month £400m capital realisation target that we set out in May 2026, with further divestments underway.

“Having been in discussions with a preferred bidder, the pre-emption by a co-shareholder demonstrates the continued attraction of TRIG’s renewables investments to private market investors, which we are also seeing in other processes.”