Macquarie to Sell Stake in 714 MW East Anglia One

May 3, 2024, by Adnan Memija

Macquarie Asset Management has reached an agreement to divest a 10 per cent stake in the 714 MW East Anglia One offshore wind farm to NTR, on behalf of the L&G NTR Clean Power (Europe) Fund and the Development Bank of Japan.

Following this transaction, Macquarie Asset Management will retain a 10 per cent stake in East Anglia One.

Located 43 kilometres off the coast of Suffolk, the UK, the East Anglia One wind farm features 102 7 MW Siemens Gamesa turbines.

The project was fully commissioned in 2020 and it is capable of generating enough electricity to power the equivalent of 630,000 homes each year.

In 2019, Macquarie Asset Management’s specialist Green Investments business acquired a 40 per cent stake in the offshore wind farm.

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Through a partnership with Iberdrola’s ScottishPower Renewables, Macquarie supported the project through construction and into operations in 2020. Following the project becoming fully operational, Macquarie divested a 20 per cent stake in the offshore wind farm later that year to the Renewables Infrastructure Group.

East Anglia One, a joint venture between ScottishPower Renewables and Macquarie’s Green Investment Group (GIG), is part of the GBP 6.5 billion (around EUR 7.6 billion) East Anglia Hub project, which also includes East Anglia TWO and East Anglia THREE.