Macquarie Asset Management offloads stakes in eight UK offshore wind farms

Macquarie Asset Management has sold stakes in eight offshore wind farms around the UK to infrastructure manager and investor, Equitix. The terms of the transaction have not been disclosed.

The agreement will see Macquarie European Infrastructure Fund 5’s 50% stake in Offshore Wind Company sold to funds managed by the UK-headquartered investment manager. Offshore Wind Company holds various direct and indirect stakes in a 2.4 GW portfolio comprised of eight operational offshore wind farms.

The portfolio includes direct stakes held in the 400 MW Rampion, 353 MW Galloper, and 210 MW Westermost Rough offshore wind farms. Offshore Wind Company also owns indirect stakes in the 576 MW Gwynt y Mor, 317 MW Sheringham Shoal, 270 MW Lincs, 196 MW Lynn and Inner Dowsing, and 90 MW Rhyl Flats offshore wind farms which will continue to be managed by Macquarie Asset Management and its Green Investment Group alongside its investments in the 573 MW Race Bank and 714 MW East Anglia One offshore wind farms. Macquarie and its partners are also supporting the development of the 2 GW West of Orkney, 1.5 GW Outer Dowsing, 1.2 GW Rampion 2, and 353 MW Five Estuaries offshore wind projects.