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Equitix acquires 25% stake in Sheringham shoal windfarm

22 Dec 2017

UK infrastructure fund manager Equitix today announces the acquisition of a 25% stake in Sheringham Shoal, a 317 megawatt-capacity offshore wind farm located off the Norfolk coast. It has acquired this with Infrared’s listed entity TRIG who invested c15% with Equitix investing c25%.

The combined stake was acquired from Norwegian utility Statkraft for £558 million. This fits with Equitix’s broader strategy to invest in core infrastructure. 

Hugh Crossley, Chief Investment Officer of Equitix, said: “The transaction represents a great opportunity for Equitix to invest in a sector in the UK that fits well with our core infrastructure strategy. We are committed to investing for the long-term in projects like Sheringham Shoal, which continue to offer our investors predictable yields through stable, long-term cash flows.”

Sheringham Shoal has been operational since 2012.  Statoil and the wind fund managed by The Green Investment Group are among stakeholders in the project.

The asset is the latest addition to Equitix’s significant capabilities in the renewable energy sector. Equitix has built this expertise through bidding, developing and managing renewables projects. 

Today, Equitix manages a diversified portfolio of high quality investments, including 2.1 gigawatts of transmission and generation assets across a range of different technologies including solar, onshore wind and waste processing. Equitix has a strong in-house technical, operational and regulatory expertise in renewables and regulated assets.