Macquarie Doubles Gwynt y Môr Stake as Siemens Bows Out

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.