Macquarie Asset Management to acquire full ownership of Lynn and Inner Dowsing offshore wind farms
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/07/Depositphotos_114692726_S.jpg)
Macquarie Asset Management announced that it aims to acquire, using its managed funds, an additional stake worth 39.25% in the Lynn and Inner Dowsing offshore wind farms using funds managed by BlackRock.
Located off the coast of Lincolnshire, Lynn and Inner Dowsing offshore wind farms have been operational since 2009.
Together, these adjacent facilities have a combined installed capacity of around 194 MW, providing electricity to power over 160,000 UK homes annually.
Macquarie GIG Renewable Energy Fund 1 purchased a 60.75% majority stake in Lynn and Inner Dowsing in 2016.
By utilizing Macquarie GIG Renewable Energy Fund 2 and a Macquarie Asset Management Private Wealth Fund, this deal will result in Macquarie Asset Management owning the entire 100% stake in the wind farms.
Also read: Macquarie Asset Management acquires 49.9% stake in Hydro Rein
Jonathan Duffy, a Managing Director at MAM Green Investments, said, “Delivered as part of the Renewables Obligation scheme, Lynn and Inner Dowsing helped lay the groundwork for the UK’s leadership positions today in the energy transition and offshore wind sectors.”
“Ensuring 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’s energy security ambitions, and we are proud to be supporting this journey.”
For over ten years, Macquarie Group has been actively investing in the UK’s offshore wind sector and stands as one of its largest investors. The group has financed numerous projects and crucial infrastructure, contributing to about half of the UK’s operational offshore wind capacity.
Also read: Macquarie Asset Management set to divest stake in Hydro Dolomiti Energia
Macquarie Asset Management oversees investments in offshore wind farms such as Gwynt y Môr, Sheringham Shoal, Lincs, Lynn, Inner Dowsing, Rhyl Flats, and East Anglia One.
Additionally, Macquarie Group and its partners are actively involved in advancing upcoming projects, including the 2 GW West of Orkney, 1.5 GW Outer Dowsing, 1.2 GW Rampion 2, and 353 MW Five Estuaries offshore wind farms.
Quote of the Day
No quotes found.
Newsletter
Related News