The Renewables Infrastructure Group (TRIG) has announced the sale of its entire 17.5% stake in the Beatrice offshore wind farm for £155 million to co-shareholder Equitix. The transaction, confirmed on Monday, 15 June 2026, marks a significant step in TRIG’s strategy to reduce its overall debt burden and reallocate capital.
The Beatrice wind farm, situated in the Moray Firth off the north-east coast of Scotland, became fully operational in June 2019 following an approximate £2.5 billion investment. Comprising 84 Siemens Gamesa 7MW turbines, the 588MW facility is capable of generating enough electricity to power up to 450,000 homes annually. Prior to this sale, ownership was distributed among SSE Renewables (40%), Red Rock Power Limited (25%), TRIG (17.5%), and Equitix (17.5%).
The sale price represents a 4% discount to the valuation of TRIG’s stake in Beatrice as of 31 December 2025. For Equitix, already holding a 17.5% share, this acquisition doubles its ownership in the significant Scottish renewable energy asset.
Minesh Shah, Managing Director at TRIG, stated: “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.”
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This divestment is a core component of TRIG’s broader financial strategy, targeting £400 million in capital realisation over the next 12 months, a goal established during its Capital Markets Seminar in May 2026.
Proceeds from the sale are earmarked for reducing borrowings under the company’s revolving credit facility, which stood at approximately £240 million as of 31 March 2026. The transaction is also expected to decrease TRIG’s share of project-level borrowings by around £220 million.
The sale of the Beatrice stake precedes TRIG’s inaugural continuation vote, scheduled for its Annual General Meeting (AGM) on 30 June 2026.
