The Renewables Infrastructure Group (TRIG) has acquired a 36 percent equity interest in Merkur, a 396-megawatt operational offshore wind farm in the German North Sea.
As previously announced in December 2019, TRIG intends to sell down a share of its investment to minority co-investors managed by InfraRed, leaving TRIG with an approximate 25 percent equity interest in the project. Following completion in July, the investment is expected to represent approximately 8 percent of TRIG's portfolio value. TRIG also has partnered with Dutch pension investor APG, which acquired the remaining 64 percent in the project.
In other news, the construction of Phase 2 of the Ersträsk wind farm has been delayed. Ersträsk is an onshore wind farm in Sweden being developed in two phases. TRIG invested in 75 percent of the equity in Phase 1 upon it becoming operational in first quarter 2019 and had intended to invest in 75 percent of Phase 2 upon it becoming operational. The delays in the
