Macquarie Asset Management has reached an agreement to divest a 10% stake in East Anglia ONE offshore wind farm to NTR, on behalf of the L&G NTR Clean Power Fund and one of the fund’s investors, The Development Bank of Japan.
The 714 MW project, located 43 km off the Suffolk coast, is comprised of 102 7 MW Siemens Gamesa turbines.
“The U.K. has some of the best wind resources in Europe,” says Macquarie Asset Management’s Edward Northam. “This potential has been harnessed through landmark projects such as East Anglia ONE, making the U.K. 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 the project.
Macquarie Capital acted as financial adviser to Macquarie Asset Management.
