Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

31604

MIRA acquires additional stake in Gwynt y Môr Offshore Wind Farm

RELATED TOPICS​

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 (Gwynt y Môr) in the UK.

Gwynt y Môr is a 576 MW offshore wind farm positioned 13 kilometres off the coast of North Wales. Operational since 2015, Gwynt y Môr comprises of 160 3.6 MW wind turbines spread across 80 square kilometres. Each year, the wind farm provides enough clean electricity to power approximately 430,000 UK homes.
 
Leigh Harrison, Head of MIRA EMEA, says: “We are delighted to announce an additional investment in Gwynt y Môr Offshore Wind Farm. Offshore wind is a great success story for the UK and an important component of the country’s clean growth strategy. 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.”
 
MIRA has managed a 10 per cent stake in Gwynt y Môr since 2017 following Macquarie Group’s acquisition of the Green Investment Bank.
 
MIRA is a major investor in renewable energy around the world and has supported the UK’s low-carbon transition since 2005. Via its managed funds, MIRA currently oversees investments in 10 offshore wind farms around the UK. With a total combined capacity of 2,966 MW, the portfolio represents approximately 38 per cent of the UK’s total offshore wind generation capacity.
 
Macquarie has had a presence in the UK for 30 years, opening its London headquarters in 1989. Today, Macquarie is one of the largest investors in the UK, having invested and arranged more than GBP40 billion in infrastructure projects since 2005.

Latest News

MSCI has launched MSCI AI Portfolio Insights, writing that it combines generative artificial intelligence “GenAI”..
The Capgemini Research Institute’s World Wealth Report 2024, published today, reveals the number of high-net-worth..
New research from cloud security firm Zscaler reports a disconnect between European company confidence in..

Related Articles

Waves
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published, entitled The urgent need for better ocean-related data to make informed investment decisions...
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published,..
Frozen soap bubble
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct Authority says has a simple aim: “Financial products that are marketed as sustainable should do as they claim and have the evidence to back it up.”..
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct..
Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by