The Renewables Infrastructure Group (TRIG) is buying a further 2.4% equity interest in the Hornsea 1 offshore wind farm in UK.
The London-listed investment company advised by InfraRed Capital Partners said it will hold a 10.2% interest in Hornsea 1 following the acquisition of the additional stake from Global Infrastructure Partners (GIP).
TRIG acquired its original 7.8% stake in Hornsea 1, located off the coast of north-east England, from GIP in March this year.
TRIG said Hornsea 1, the largest operational offshore wind farm in the world, has demonstrated strong operational performance since operations commenced in 2020.
“The acquisition of an additional investment in Hornsea One, which is currently the world’s largest operational wind farm, exemplifies the company’s strategy of investing, including the reinvestment of retained profits, in high-quality renewables projects which contribute to European energy security and decarbonisation,” said Richard Crawford of InfraRed Capital Partners.
TRIG’s investment commitments into European renewables total in excess of £400m year to date, the majority of which has been in the UK, Crawford said.
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