Equitix completed the acquisition of a 16.6% stake in 950 MW Moray East offshore wind farm from Ocean Winds.

Equitix, an international investor, completed the acquisition of a 16.6% stake in 950 MW Moray East offshore wind farm from Ocean Winds, an offshore wind energy company. Financial terms were not disclosed. “We are proud to be making further investment into renewable energy in the UK, adding to our growing fleet of offshore wind, which now comprises a position in a third of the total UK installed offshore wind capacity. Making a material contribution to the UK’s energy transition and Net Zero ambitions forms an integral part of our strategic ambitions and partnering with Ocean Winds at Moray East helps us to reach this shared goal,” Achal Bhuwania, Equitix Chief Investment Officer.