British infrastructure group Balfour Beatty has agreed to sell its equity stakes in offshore transmission owners (OFTOs) serving three UK wind farms to investment firm Equitix, as part of a broader £87 million infrastructure transaction, the company said.
Balfour Beatty holds shareholdings in OFTOs linked to several offshore wind projects, including RWE’s 576 megawatt Gwynt y Mor wind farm off the coast of north Wales. The divestment forms part of a wider sale of ten operational infrastructure assets to Equitix.
In addition to the offshore transmission interests, the transaction includes equity stakes in five street lighting projects and a biomass plant. The deal is subject to regulatory approval.
Balfour Beatty said the proceeds exceeded the directors’ valuation of the assets as of June 2025 and aligned with its capital recycling strategy. The company said the sale was “consistent with the group’s strategy of optimising value through the disposal of operational assets, while continuing to invest in new asset opportunities”.
Equitix said the acquisition strengthens its position in the offshore transmission sector. “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,” said Achal Bhuwania, Equitix’s chief investment officer.
He added that the transaction “demonstrates the investment opportunities that can be generated from our existing portfolio to the mutual benefit of our investor base and partners”.
The UK’s OFTO regime allows private investors to own and operate transmission assets connecting offshore wind farms to the onshore grid, providing long-term, regulated returns.
