Wind Energy – Hornsea One
TRIG has acquired a 7.8% interest in the Hornsea One offshore wind farm, located 120km off England’s Yorkshire coast.
The Renewables Infrastructure Group (TRIG) is a leading London-listed renewable energy infrastructure investment company. TRIG is advised by InfraRed Capital Partners as its investment manager and RES as its operations manager.
With a generation capacity of 1.2GW and covering an area of 407km2, the project is the largest operational offshore wind farm in the world; and, backed by an inflation-linked Contract for Difference (CfD), complements TRIG’s existing portfolio.
Following completion of the transaction, Hornsea One will represent approximately 8% of TRIG’s portfolio, by value.
The project contributes to the UK’s energy security and decarbonisation agendas through its capacity to power a million homes with clean energy.
Richard Crawford of InfraRed, said: “Hornsea One is a flagship project globally for the offshore wind sector. As with each of TRIG’s four UK offshore wind investments, Hornsea One’s inflation-indexed subsidy will contribute to the Company’s strategy to balance subsidised and unsubsidised revenues in order to deliver sustainable returns to shareholders.”