Macquarie considers sale of Race Bank UK offshore wind farm stake

Australian financial services group Macquarie is considering selling its 25% stake in the 573MW Race Bank wind farm off the east coast of England, Windpower Monthly understands.

The sale could value the wind farm at up to €3 billion (€3.4 billion), according to news wire Reuters, citing people familiar with the matter.

Sources close to the process told Windpower Monthly that the Reuters report is correct.

Macquarie declined to comment.

Race Bank was commissioned in 2018 and consists of 91 of Siemens Gamesa’s SWT-6.0-154 turbines.

Other owners include Ørsted (50%), Sumitomo Corporation (12.5%), Arjun Infrastructure Partners (6.25%) and Gravis Capital Management (6.25%).