Copenhagen Infrastructure Partners divest its share of Beatrice

In: Windfarms
Copenhagen Infrastructure Partners (CIP) intends to sell its 35% stake in the Beatrice offshore wind farm off the coast of Scotland to The Renewables Infrastructure Group Limited (TRIG) and funds managed by Equitix Investment Management Limited. Both TRIG and Equitix will receive a 17.5% stake in the project.

The investment is subject to regulatory and lender consents which are expected to be received in the coming weeks.

The £2.6 billion
Beatrice project is owned by SSE Renewables, Copenhagen Infrastructure Partners and Red Rock Power Limited, and was constructed through project company Beatrice Offshore Windfarm Limited. It was given the green light for construction following Financial Close on 23 May 2016.

The project exported first power in July 2018.
The 588 MW project is situated 13 km off the Caithness coast and its 84 Siemens Gamesa SWT-7.0-154 are expected to be capable of generating enough electricity to power approximately 450,000 homes per year.

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