The Renewables Infrastructure Group (LSE:TRIG) has signed an agreement to divest its 17.5% stake in the Beatrice offshore wind farm for approximately £155m.
TRIG, which holds a 2.3GW portfolio of wind, solar and battery storage assets across six European markets, said the transaction represents progress toward a £400m capital realisation target set out at its Capital Markets Seminar in May.
The £155m proceeds from Beatrice represent roughly 39% of that target, leaving the company to identify further disposals to reach the full £400m within the stated 12-month window.
