Macquarie Infrastructure and Real Assets (MIRA) has reached an agreement with Siemens to acquire an additional 10% stake in the 576MW Gwynt y Mor offshore wind farm off the coast of North Wales.
MIRA has managed a 10% stake in the project since 2017 following Macquarie Group’s acquisition of the Green Investment Bank.
MIRA EMEA head Leigh Harrison said: “We are delighted to announce an additional investment in Gwynt y Mor 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.”
Gwynt y Mor has been operational since 2015 and features 160 Siemens Gamesa 3.6MW turbines.
Innogy operates the wind farm with partners Stadtwerke Munchen and Macquarie, with the deal marking Siemens exit from the project.