The Renewables Infrastructure Group (LSE:TRIG) has agreed to sell its entire 17.5% stake in the Beatrice offshore wind farm for c. £155m.
The expected consideration is at a 4% discount to TRIG's valuation of the stake as at 31 December 2025, the c.£155m proceeds will be applied to reduce drawings under the company's revolving credit facility which was drawn c.£240m as at 31 March and the disposal represents meaningful progress against the 12-month £400m capital realisation target set at the Capital Markets Seminar in May 2026, the company said.
TRIG, which is invested in a portfolio of wind, solar and battery storage projects across six European markets with a net operational capacity of 2.3GW, said that following completion long-term borrowings (project-level borrowings plus the Company's private placement debt) are expected to represent c. 39% of the Group's enterprise value.
Contracts are expected to be signed in Q3 2026 with completion expected before the end of the year subject to the timing of third-party consents.
