is to gain full ownership of the Lynn and Inner Dowsing offshore wind farms in the UK by acquiring the remaining 39.25% stake currently held by BlackRock.
The 194MW Lynn and Inner Dowsing, located off the coast of Lincolnshire, have been operational since 2009.
GIG Renewable Energy Fund 1 acquired its 60.75% stake in Lynn and Inner Dowsing in 2016 as part of a consortium. The deal at the time involved selling the Glens of Foudland, Lynn and Inner Dowsing wind farms to the consortium which included funds managed by BlackRock, for an enterprise value of 拢423m (鈧�504m).
Macquarie said it intends to buy the additional stake through the Macquarie GIG Renewable Energy Fund 2 and a Macquarie Asset Management Private Wealth Fund. Financial details were undisclosed.
Jonathan Duffy, managing director at MAM Green Investments at Macquarie, said: 鈥淒elivered as part of the renewables obligation scheme, Lynn and Inner Dowsing helped lay the groundwork for the UK鈥檚 leadership positions today in the energy transition and offshore wind sectors.
鈥淓nsuring the successful operation of these projects into the future, alongside the continued scaling-up of offshore wind capacity, will be key to meeting the UK鈥檚 energy security ambitions and we are proud to be supporting this journey.鈥�
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