Announced
Financials
Tags
United Kingdom
wind farm
wind energy
offshore wind energy
Alternative Electricity
Acquisition
Minority
Private
Infrastructure
Private Equity
Domestic
Pending
Friendly
Single Bidder
Synopsis
Greencoat, a listed renewable infrastructure fund, agreed to acquire a 25% stake in London Array offshore wind farm from Orsted, a Danish multinational energy company, for £717m. "We are delighted to invest in London Array. The transaction was originated and negotiated on a bilateral basis and reflects the Company's ability to continue to generate significant shareholder value through selective off-market investments," Lucinda Riches, UKW Chairman.
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