Renewable Energy Systems and InfraRed-backed TRIG and Equitix completed the acquisition of a 12.5% stake in Hornsea One offshore wind farm from Global Infrastructure Partners.

TRIG and Equitix, two investment firms, completed the acquisition of a 12.5% stake in Hornsea One offshore wind farm from Global Infrastructure Partners. Financial terms were not disclosed. “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,” Richard Crawford, InfraRed Capital Partners.