Macquarie Asset Management agrees to acquire additional stake in Lynn and Inner Dowsing offshore wind farms

Macquarie Asset Management has announced that it intends to acquire, via its managed funds, an additional 39.25 per cent stake in the Lynn and Inner Dowsing offshore wind farms from funds managed by BlackRock.

Lynn and Inner Dowsing are located off the coast of Lincolnshire. Operational since 2009, the adjacent offshore wind farms have a combined installed capacity of approximately 194 MW and generate enough electricity to power the equivalent of more than 160,000 UK homes each year¹.

Macquarie GIG Renewable Energy Fund 1 acquired a 60.75 per cent stake in Lynn and Inner Dowsing in 2016. This transaction, via Macquarie GIG Renewable Energy Fund 2 and a Macquarie Asset Management Private Wealth Fund, will increase Macquarie Asset Management’s stake in the wind farms to 100 per cent.

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1. Estimated equivalent number of homes powered provided by MAM Green Analytics, based on country-specific electricity household consumption data (Enerdata, 2022).