GIG agrees £1.6bn debt-backed wind farm buy

wind turbine
By Mike Turner
20 Aug 2019

Macquarie’s Green Investment Group has secured debt financing to back its acquisition of a 40% stake in East Anglia One, in a deal that values the Iberdrola-owned wind farm at an enterprise value of £4.1bn.

GIG has agreed buy the stake from Iberdrola Group company Scottish Power for £1.63bn when the wind farm becomes operational in 2020.

The East Anglia One wind farm is a 714 MW offshore farm located 43km off the UK’s Suffolk coastline. It is the largest renewables project ever built ...

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