TRIG has agreed the sale of its 17.5% stake in the Beatrice offshore wind farm to Equitix for c£155m. A sale of a UK offshore wind asset had been pre-flagged at the CMD in May and so a transaction of this nature was expected. At a 4% discount to the 31 December 2025 valuation, the disposal was close to NAV. However, it must be remembered that TRIG increased the discount rate for UK offshore wind assets by 50bps in 4Q25, reflecting the high supply relative to demand for these assets. Therefore, t ....
