Macquarie, Spring funds sell Race Bank stake
- Admin
- Jun 17, 2024
- 1 min read
Funds managed by Macquarie Asset Management and Spring Infrastructure Capital have reached an agreement to divest a minority stake in the 573MW Race Bank Offshore Wind Farm to Norges Bank Investment Management for approximately £330m. Located off the Norfolk coast, Race Bank comprises 91 turbines operational since 2018, contributing to the UK's decarbonisation efforts. Jonathan Duffy of MAM Green Investments highlights Race Bank's role in providing electricity to half a million UK homes.
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