Macquarie Asset Management has plans to sell stakes in eight offshore wind farms across the United Kingdom to Equitix, an infrastructure manager and investor.
Through the agreement, Macquarie European Infrastructure Fund 5 will sell its 50 percent stake in Offshore Wind Company to Equitix for an undisclosed amount. Offshore Wind Company holds various direct and indirect stakes in a 2.4-gigawatt portfolio consisting of eight operational offshore wind farms.
“These projects have played a crucial role in supporting the early transformation of the country’s energy mix and establishing the U.K.’s reputation as one of the world’s leading markets for offshore wind,” said David Tilstone, a managing director at Macquarie Asset Management. “We look forward to taking forward the next phase of projects to help meet the U.K.’s goal of 50 gigawatts of installed offshore wind capacity by the end of this decade.”