Renewables Infrastructure Group sells stake in offshore wind farm to fund share buyback

The Renewables Infrastructure Group is selling a 15.2% equity interest in the 330MW Gode offshore wind farm in Germany for €100m. The buyers are funds managed by Equitix Investment Management Ltd. The price is a 9% premium to carrying value. The company is retaining a 9% stake in the project. That will bring funds freed … Continue reading Renewables Infrastructure Group sells stake in offshore wind farm to fund share buyback