Keppel, KLP and MEAG completed the acquisition of a 33.3% stake in a joint investment vehicle for €160m.

Keppel, an infrastructure company, KLP, an insurance company, and MEAG, an investment management company, completed the acquisition of a 33.3% stake in a joint investment vehicle for €160m ($160). “Keppel’s investment in this onshore wind portfolio, alongside other sterling investors, reflects our focus on making sustainability our business and contributing to the global efforts to combat climate change. The investment will provide Keppel not only with stable recurring income from the operating assets, but also a strong deal flow pipeline in well-established markets in the Nordics and the UK. We look forward to further strengthening our partnership with KLP and MEAG, as well as Fred. Olsen to build a sustainable future, Loh Chin Hua, Keppel CEO.