Macquarie Asset Management has agreed to sell a 15.5 per cent stake in the Lincs Offshore Wind Farm (Lincs) to Octopus Energy Generation funds. The asset manager held the stake through Macquarie European Infrastructure Fund V. No financial details have been disclosed. The 15.5 per cent stake is acquired by Octopus Renewables Infrastructure Trust and Sky, funds managed by Octopus Energy Generation.
Following the completion of this transaction, Macquarie Green Investment Group Renewable Energy Fund I will continue to manage a 44 per cent ownership stake in Lincs. Macquarie Capital provided advice on this deal to Macquarie Asset Management, a subsidiary of Macquarie Group. Since 2013, the Lincs offshore wind farm, which has a capacity of 270 MW, has been in operation in the North Sea, 8 km off the east coast of England. The offshore wind farm, which comprises 75 wind turbines, has been delivering enough clean energy to power 278,000 homes per year.
In March 2022, a consortium comprising Macquarie Asset Management, British Columbia Investment Management Corporation and MEAG agreed to acquire Reden Solar. Reden Solar is being purchased from InfraVia Capital Partners and Eurazeo for €2.5 billion. With a 762 MW active portfolio and a 15 GW development pipeline, Reden Solar develops, finances, builds, and runs solar power projects in Europe and Latin America.