Announced
Financials
Sources
Tags
offshore wind farm
Private
Private Equity
United Kingdom
Friendly
Cross Border
Infrastructure
Single Bidder
Acquisition
Alternative Electricity
Pending
Minority
Synopsis
Greencoat, a renewable fund manager, agreed to acquire a 25% stake in Burbo Bank Extension, a 258MW offshore wind farm, from AIP Management, a Danish investment manager, for £400m ($547m). The London-based investor in renewable energy infrastructure sector said the acquisition will be funded using its revolving credit facility, cashflow and the proceeds of a new equity raise.
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