The sale reduces TRIG’s group borrowings by £375m and reflects a 4% discount to its year-end valuation.
The Renewables Infrastructure Group (TRIG) has agreed to sell its 17.5% stake in Scotland’s 588MW Beatrice offshore wind farm to Equitix Investment Management for £155m. The transaction, triggered by a pre-emption right, is expected to close in late 2026 pending final approvals and documentation.
TRIG’s stake was valued at £155m as of December 2025, reflecting a 4% discount to its year-end assessment. The sale will cut TRIG’s project-level debt by £220m and reduce its revolving credit facility balance, currently at £240m as of March 2026.
Proceeds will lower total group borrowings, reported at £2.1bn at the end of March, by approximately £375m. The Beatrice wind farm, operational since 2019, required £2.5bn in capital expenditure.