Macquarie Asset Management divests East Anglia One stake

Macquarie Asset Management has reached an agreement to divest a 10 per cent stake in East Anglia ONE offshore wind farm to NTR, a leading renewable energy specialist (on behalf of the L&G NTR Clean Power (Europe) Fund (the “Fund") and one of the Fund’s investors, The Development Bank of Japan Inc).

East Anglia ONE is a 714 MW offshore wind farm, situated 43 kilometres off the Suffolk coast. With 102 7 MW Siemens Gamesa turbines, it is capable of generating enough electricity to power the equivalent of 630,000 homes each year.¹

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

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

Read the full press release

1. East Anglia ONE, ScottishPower Renewables, 2021