Macquarie to acquire the remaining 50% stake in Island Green Power for £400m.

Macquarie, a financial services group, agreed to acquire the remaining 50% stake in Island Green Power, a UK-based renewable energy developer specializing in utility-scale solar and battery energy storage projects, for £400m. "We are excited to increase our stake in Island Green Power, a leading UK solar developer. We have witnessed firsthand Island Green Power’s strong development capabilities, growing and advancing its UK pipeline to date – this will serve as a solid foundation for building a significant operating base over the coming years as it transitions into becoming an Independent Power Producer," Eric Bjonerud, Macquarie Managing Director.