Equitix to Buy Some UK Offshore Wind Farm Ownership Stakes from Macquarie

Posted on 04/24/2023

Macquarie Asset Management has reached an agreement to sell stakes in eight offshore wind farms around the United Kingdom to infrastructure manager and investor, Equitix Ltd. The agreement will see Macquarie European Infrastructure Fund 5’s 50% stake in Offshore Wind Company sold to funds managed by the U.K.-headquartered investment manager. Offshore Wind Company holds various direct and indirect stakes in a 2.4 GW portfolio comprised of eight operational offshore wind farms and is one of the world’s largest and diversified offshore wind portfolios.

The portfolio includes direct stakes held in the 400 MW Rampion, 353 MW Galloper, and 210 MW Westermost Rough offshore wind farms. Offshore Wind Company also owns indirect stakes in the 576 MW Gwynt y Mor, 317 MW Sheringham Shoal, 270 MW Lincs, 196 MW Lynn and Inner Dowsing, and 90 MW Rhyl Flats offshore wind farms via a limited partnership share in Macquarie Green Investment Group Renewable Energy Fund 1.

Following this transaction, Macquarie Asset Management and its Green Investment Group will continue to manage stakes in Gwynt y Môr, Sheringham Shoal, Lincs, Lynn and Inner Dowsing, and Rhyl Flats via Macquarie Green Investment Group Renewable Energy Funds 1 and 2 alongside its investments in the 573 MW Race Bank and 714 MW East Anglia One offshore wind farms. Macquarie and its partners are also supporting the development of the 2 GW West of Orkney, 1.5 GW Outer Dowsing, 1.2 GW Rampion 2, and 353 MW Five Estuaries offshore wind projects.

Hornsea One offshore wind
In July 2022, Equitix has purchased an additional stake in the Hornsea One offshore wind, which is located off the northeast coast of England. With regard to that deal, Equitix continues its partnership with TRIG (InfraRed Capital Partners Ltd) and other co-shareholders, Global Infrastructure Partners, and Ørsted.

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