Balfour Beatty has announced the sale of its equity stakes in the offshore transmission owners for three UK wind farms to Equitix.
The company – which has shareholdings in OFTOs for arrays including RWE’s 576MW Gwynt y Mor off north Wales (pictured) – said the divestment formed part of an £87m deal in which a total of ten infrastructure assets have been sold to Equitix.
The wider transaction includes stakes in five street lighting projects and a biomass plant and is subject to regulatory approval
Balfour Beatty said the proceeds were in excess of its directors’ valuation of the assets in June 2025 and “consistent with the group’s strategy of optimising value through the disposal of operational assets, while continuing to invest in new asset opportunities”.
Equitix Chief Investment Officer Achal Bhuwania added: “This acquisition is a continuation of our strategy to consolidate our equity positions in existing assets in our portfolio and reinforces our position as a leading OFTO investor.
“This demonstrates the investment opportunities that can be generated from our existing portfolio to the mutual benefit of our investor base and partners.”