Macquarie Doubles Gwynt y Môr Stake

Laxman Pai
Tuesday, October 29, 2019

Macquarie Infrastructure and Real Assets (MIRA) has agreed to lift its shareholding in the 576-MW Gwynt y Mor offshore wind farm in the UK by purchasing an additional 10% stake for an undisclosed sum.

MIRA has managed a 10 per cent stake in Gwynt y Môr since 2017 following Macquarie Group’s acquisition of the Green Investment Bank.

Gwynt y Môr is a 576 MW offshore wind farm positioned 13 kilometers off the coast of North Wales. Operational since 2015, Gwynt y Môr is comprised of 160 3.6 MW wind turbines spread across 80 square kilometers. Each year, the wind farm provides enough clean electricity to power approximately 430,000 UK homes.

Leigh Harrison, Head of MIRA EMEA, said: “We are delighted to announce an additional investment in Gwynt y Môr Offshore Wind Farm. Offshore wind is a great success story for the UK and an important component of the country’s clean growth strategy. We are pleased to be supporting its continued development – bringing additional long-term institutional capital into the sector to support the UK’s transition to a future powered by renewables.”

MIRA has managed a 10 per cent stake in Gwynt y Môr since 2017 following Macquarie Group’s acquisition of the Green Investment Bank.

MIRA is a major investor in renewable energy around the world and has supported the UK’s low-carbon transition since 2005. Via its managed funds, MIRA currently oversees investments in 10 offshore wind farms around the UK. With a total combined capacity of 2,966 MW, the portfolio represents approximately 38 per cent of the UK’s total offshore wind generation capacity.

Macquarie has had a presence in the UK for 30 years, opening its London headquarters in 1989. Today, Macquarie is one of the largest investors in the UK, having invested and arranged more than £40 billion in infrastructure projects since 2005.

Categories: People & Company News Legal Wind Power Offshore Wind Investment

Related Stories

COVID-19 Challenges for UK's and Norway's E&P

Aker Energy Delays Ghana Offshore Project 'Indefinitely'

PGS Cold Stacks Two Seismic Vessels in Response to Low Oil Price

Current News

PetroVietnam's Q1 Profit Likely Halved to $188.5M

Norway May Cut Oil Output if Other Big Producers Agree Deal

Petrobras Delays Bids for Offshore Platform

Petronas Cautious over Dividend to Gov't as Energy Prices Tank

Subscribe for OE Digital E‑News