Greencoat UK Wind completed the acquisition of a 49% stake in the Humber Gateway from RWE for $861m.

Greencoat UK Wind, a British investment company, completed the acquisition of a 49% stake in the Humber Gateway, an offshore wind farm, from Rheinisch-Westfälisches Elektrizitätswerk, a German multinational energy company, for $861m. "We are delighted to announce our investment in Humber Gateway, a high load factor, ROC accredited offshore wind farm. This transaction adds another attractive asset to our portfolio which will stand at 38 wind farm investments, with a generating capacity of 1.2GW. We are also very pleased to be able to play our part in the wider development of the wind industry, heralded by recent government announcements, and enabling the continued build out of further offshore generating capacity in the UK," Shonaid Jemmett-Page, UKW Chairman.