Transactions - DECEMBER 10, 2019

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The Renewables Infrastructure Group makes third offshore wind investment

by Kali Persall

The Renewables Infrastructure Group (TRIG), a London-listed investment company advised by InfraRed Capital Partners, has contracted to acquire a 36 percent equity interest in the 396-megawatt Merkur Offshore wind farm, located in Germany’s North Sea. Dutch pension investor APG has agreed to acquire the other 64 percent.

Commercial operations for the project, which comprises 66 GE Haliade-150 6-megawatt offshore wind turbines, began in June.

The seller is a consortium of Partners Group (operating on behalf of its clients), DEME Concessions, GE Energy Financial Services, ADEME and a private fund separately managed by InfraRed. Financial terms were not disclosed.

TRIG said the acquisition is the company’s third offshore wind investment and its second investment in Germany. “We are pleased to be growing our presence in the European offshore wind market, which is making an increasingly important contribution to the decarbonisation of energy usage,” said Helen

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