Greencoat to acquire a 25% stake in London Array offshore wind farm from Orsted for £717m.

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.