The Renewables Infrastructure Group Ltd (LON:TRIG) has agreed to sell a 15.2% equity interest in the 330-MW operational Gode Wind 1 offshore wind farm in Germany to infrastructure investor Equitix for EUR 100 million (USD 108.2m).

The 55-turbine Gode Wind 1 is situated in the North Sea, about 45 kilometres (27.9 mi) off the German coast. It is part of a multi-farm development comprising Gode Wind 1, 2 and 3, which will have a combined capacity of 900 MW upon completion.

Godes Wind 1 commenced commercial operations in February 2017, while Gode Wind 3 produced first power in May.

Upon completion of the deal, TRIG will remain invested in the Gode Wind 1 station with a shareholding of 9.8%. The company, which took a stake in the project in 2019, noted in a statement on Thursday that the sale of a portion of its interest was done at a 9% premium to the valuation of the asses as of end-2023.

The other owners of the site are Danish energy group Ørsted A/S and Nuveen’s Glennmont Partners.

Equitix separately said that Gode Wind 1 marks its thirteenth offshore wind farm acquisition in Europe. The investment is aligned with its growth plan on the continent and wider expansion into the offshore wind sector.