Macquarie Infrastructure and Real Assets (MIRA) has reached an agreement with Siemens AG to acquire an additional 10 per cent stake in Gwynt y Môr offshore wind farm in the UK.
MIRA has managed a 10 per cent stake in Gwynt y Môr since 2017 following Macquarie Group’s acquisition of the Green Investment Bank.
“Offshore wind is a great success story for the UK and an important component of the country’s clean growth strategy,” Leigh Harrison , Head of MIRA EMEA, said.
”We are pleased to be supporting its continued development – bringing additional long-term institutional capital into the sector to support the UK’s transition to a future powered by renewables.”
Gwynt y Môr is a 576MW offshore wind farm positioned 13 kilometres off the coast of North Wales. Operational since 2015, Gwynt y Môr is comprised of 160 Siemens 3.6 MW wind turbines spread across 80 square kilometres.
Following the completion of the transaction, the wind farm will be owned by innogy (50%), Stadtwerke München (30%), and MIRA (20%).
Via its managed funds, MIRA currently oversees investments in 10 offshore wind farms around the UK. With a total combined capacity of 2,966MW, the portfolio represents approximately 38 per cent of the UK’s total offshore wind generation capacity.