Macquarie to sell 10% stake in EA1 to NTR

Macquarie Asset Management has reached an agreement to divest a 10% stake in the 714MW East Anglia ONE offshore wind farm (pictured) to NTR, on behalf of the L&G NTR Clean Power (Europe) Fund and The Development Bank of Japan.

East Anglia ONE is situated 43km off the Suffolk coast comprising 102 7MW Siemens Gamesa turbines.

In 2019, Macquarie Asset Management’s specialist Green Investments business acquired a 40% stake in the offshore wind farm.

Through a partnership with Iberdrola’s ScottishPower Renewables, Macquarie supported the project through construction and into operations in 2020.

Following the project becoming fully operational, Macquarie divested a 20% stake in the offshore wind farm later that year to The Renewables Infrastructure Group.

Global head of core renewables at MAM Green Investments Edward Northam said: “The UK has some of the best wind resources in Europe.

“This potential has been harnessed through landmark projects such as East Anglia ONE, making the UK a global leader in offshore wind.

“We are proud of the role we’ve played in supporting the construction and operation of this important project.”

Following this transaction, Macquarie Asset Management will retain a 10% stake in East Anglia ONE.

Sourced by: reNEWS.biz

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