15 January 2021 | 07:26am
StockMarketWire.com - The Renewables Infrastructure Group Limited (TRIG) said it has exchanged contracts to acquire an equity interest of 17.5% in the Beatrice offshore wind farm from Copenhagen Infrastructure Partners.
Following completion of the transaction, Beatrice will represent approximately 12% of TRIG s investment portfolio.
Beatrice is a 588 megawatt offshore wind farm developed by SSE sing Siemens turbines.
The wind farm is located approximately 13km off the north east coast of Scotland and comprises 84 Siemens seven megawatt turbines which utilise direct drive technology.
The investment, which is subject to regulatory and lender consents which are expected to be received in the coming weeks, will be financed from a drawdown of the group s recently renewed revolving credit facility.