The Renewables Infrastructure Group (Trig) has acquired a 7.8 per cent stake in the Hornsea One wind farm off the Yorkshire coast.
Trig said it had bought the stake from Global Infrastructure Partners for an undisclosed sum.
On completion of the deal, expected at the end of the first half, Hornsea One will be about 8 per cent of Trig’s portfolio by value, it said.
Hornsea One is the largest operational offshore wind farm in the world and has been running since 2020. With capacity of about 1.2 gigawatts it generates enough electricity for a million homes.
It was developed and built by Orsted, the Danish power group, using Siemens turbines. Orsted sold a 50 per cent stake in the project to Global Infrastructure Partners, the fund manager, in 2018 for £4.5 billion. It still runs and maintains the farm.
Helen Mahy, the chairwoman of Trig, said the group was “only too conscious” of the tough times in Europe.
“It remains important to continue to finance renewables projects and play our part not only in the decarbonisation of the energy sector, but also contributing to security of power supply for the UK and the EU,” she said.
“In these challenging times, we are grateful for the continuing support of our shareholders.”