Copenhagen Infrastructure Partners (CIP) is selling its stake in the 588MW Beatrice offshore wind farm off the coast of Scotland to The Renewables Infrastructure Group (TRIG) and funds managed by Equitix Investment Management.
TRIG said that it has exchanged contracts to acquire an equity stake of 17.5% in the wind farm, which represents approximately 12% of the company s investment portfolio.
The investment, which is subject to regulatory and lender consents that are expected to be received in the coming weeks, will be financed from a drawdown of the group s recently renewed revolving credit facility.
Equitix is also taking a 17.5% stake from CIP.
Copenhagen Infrastructure Partners (CIP) is selling its stake in the 588MW Beatrice offshore wind farm off the coast of Scotland to The Renewables Infrastructure Group (TRIG) and funds managed by Equitix Investment Management.
TRIG said that it has exchanged contracts to acquire an equity stake of 17.5% in the wind farm, which represents approximately 12% of the company s investment portfolio.
The investment, which is subject to regulatory and lender consents that are expected to be received in the coming weeks, will be financed from a drawdown of the group s recently renewed revolving credit facility.
Equitix is also taking a 17.5% stake from CIP.