Completion of Beatrice offshore wind farm disposal

29 October 2026

The Renewables Infrastructure Group Limited

The Renewables Infrastructure Group Limited ("TRIG" or "the Company") is a London-listed renewable energy investment company. TRIG creates shareholder value through a resilient dividend and long-term capital growth, underpinned by a diversified portfolio of renewable energy infrastructure that is actively managed by specialist investment and operations managers.

Completion of Beatrice offshore wind farm disposal

TRIG announces that the sale of its entire 17.5% equity interest in the 588MW Beatrice offshore wind farm project in Scotland for a total consideration of £157m, first announced on 15 June 2026, has completed following receipt of the relevant third-party consents. The sale proceeds are being applied to reduce borrowings under the Company’s RCF to £184m.

This completed sale represents c. 40% of the Company’s 12-month £400m capital realisation target set out at the Capital Markets Seminar in May 2026. The transaction also removes c. £210m of project-level borrowings attributable to TRIG’s percentage shareholding of Beatrice, contributing to a reduction in aggregate Group borrowings by c. £365m to c. £1.7bn or 43% of enterprise value1.

Further divestment processes remain underway, with capital when realised to be deployed in line with the Board’s capital allocation priorities of reducing RCF borrowings, returning capital to shareholders and investing in higher-returning proprietary opportunities within TRIG’s existing portfolio, where they exceed the hurdle rate set by share buybacks.

1 TRIG’s enterprise value is the sum of the Company’s Net Asset Value, RCF drawings, private placement debt and project-level debt.

Enquiries

InfraRed Capital Partners Limited +44 (0) 20 7484 1800Minesh Shah

Phil George

Mohammed Zaheer

SEC Newgate +44 (0) 20 3757 6767 / [email protected]

Matthew JervoisElisabeth Cowell

Investec Bank Plc +44 (0) 20 7597 4000

Lucy Lewis

Tom Skinner

BNP Paribas +44 (0) 20 7595 9444

Virginia Khoo

Carwyn Evans

Notes

The Company

The Renewables Infrastructure Group Limited ("TRIG" or "the Company") is a London-listed renewable energy investment company. TRIG creates shareholder value through a resilient dividend and long-term capital growth, underpinned by a diversified portfolio of renewable energy infrastructure that is actively managed by specialist investment and operations managers.

TRIG is invested in a portfolio of wind, solar and battery storage projects across six markets in Europe with a net operational capacity of 2.3GW. In 2025, the portfolio generated enough renewable electricity to power the equivalent of 1.6 million homes and to avoid 1.8 million tonnes of carbon emissions per annum.

Further details can be found on TRIG's website at www.trig-ltd.com.

Investment Manager

InfraRed is a leading international mid-market infrastructure asset manager. Over the past 25 years, InfraRed has established itself as a highly successful developer, particularly in early-stage projects, and an active steward of essential infrastructure.

InfraRed manages US$13bn of equity capital1 for investors around the globe in listed and private funds across both core and value-add strategies.

InfraRed combines a global reach, operating worldwide from offices in London, Frankfurt, Madrid, New York, Miami, Sydney and Seoul, with deep sector expertise from a team of more than 160 people.

InfraRed is part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life, and benefits from its scale and global platform.

For more information, please visit www.ircp.com.

1 Uses five-year average FX as at 31 December 2025. GBP/USD of 1.2900; EUR/USD of 1.1125. EUM is US$13.3bn.

Operations Manager

TRIG's Operations Manager is RES ("Renewable Energy Systems"). RES is the world’s largest independent renewable energy company, working across 24 countries and active in wind, solar, energy storage, biomass, hydro, green hydrogen, transmission, and distribution. An industry innovator for over 40 years, RES has delivered more than 29GW of renewable energy projects across the globe.

As a service provider, RES has the skills and experience in asset management, operations and maintenance (O&M), and spare parts – supporting 45GW of renewable assets worldwide. RES brings to the market a range of purposeful, practical technology-based products and digital solutions designed to maximise investment and deployment of renewable energy. RES is the power behind a clean energy future where everyone has access to affordable zero carbon energy bringing together global experience, passion, and the innovation of its 4,500 people to transform the way energy is generated, stored and supplied.

Further details can be found on the website at www.res-group.com.