The Renewables Infrastructure Group (Trig), a renewable energy investment trust, is set to sell its entire 17.5 percent stake in the Beatrice offshore wind farm located in the Outer Moray Firth, Scotland, for £155 million. The transaction forms part of Trig’s broader strategy to reduce its asset portfolio and pay down debt, following an earlier announcement to dispose of £400 million in assets over the next year.

Trig acquired its interest in the 588-megawatt Beatrice wind farm in 2021 from Copenhagen Infrastructure Partners. The sale option was made available first to Equitix, the fund manager holding a parallel 17.5 percent share in the project, which exercised its right of first refusal. Despite this, there was notable interest from external bidders, highlighting investor appetite for renewable energy assets. Minesh Shah, Trig’s managing director, described the external interest as an indicator of the “attraction of Trig’s renewables investments to private market investors.”

The planned transaction is expected to reduce Trig’s borrowings by approximately £375 million, lowering its overall debt from the £2.1 billion reported in March. Analysts at Barclays characterized the timing of the sale as “timely,” especially given Trig’s need to demonstrate progress on asset disposals ahead of its annual general meeting scheduled for June 30.

This divestment follows Trig’s decision last year to abandon a proposed merger with HICL Infrastructure, a fund that invests in public infrastructure including roads, hospitals, prisons, and rail links. The merger would have created a combined entity valued at £5.3 billion but was ultimately discontinued.

Trig’s asset sale underscores a strategic shift as the company navigates debt management and market pressures while maintaining its focus on renewable energy investments. The Beatrice wind farm remains one of Scotland’s largest offshore renewable projects, contributing significantly to the region’s clean energy capacity.