24 April 2023 Deals | Renewable Power

Equitix make landmark UK offshore wind investment

Today, Equitix is delighted to share news of our agreement to purchase stakes in eight operational offshore windfarms in the UK, in partnership with Orsted, Equinor and RWE. This agreement with Macquarie Asset Management adds to our growing portfolio in Renewable Power, with investments in 10 major offshore wind farms, contributing to more than 33% of the UK’s current installed capacity.

Equitix has been investing directly into clean energy for over a decade, with over £2.1bn invested into carbon-reducing, renewable power-generating projects across Europe and the UK, through over 150 assets with a combined capacity of over 4.4GW evolving us into one of the largest financial sponsors in the sector.

Chief Investment Officer, Achal Bhuwania said:

“We are pleased to be investing into this unique and diversified offshore wind portfolio which enhances our partnership with leading offshore industry partners and also achieves our continued desire to make material contributions to UK’s energy transition and Net Zero ambitions. This transaction is part of our triple defence portfolio construction strategy wherein we are building a diversified portfolio of essential infrastructure assets with long term inflation linkage for our core funds.”

David Tilstone, a Managing Director at Macquarie Asset Management, said: “These projects have played a crucial role in supporting the early transformation of the country’s energy mix and establishing the UK’s reputation as one of the world’s leading markets for offshore wind. We look forward to taking forward the next phase of projects to help meet the UK’s goal of 50 GW of installed offshore wind capacity by the end of this decade.”

Congratulations to our investment team, particularly, to Jordan Field, Marta Vilaplana, Matt Fitzpatrick, Megan Chamberlain, Achal Bhuwania and Edmund Andrew.

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