Macquarie’s latest strategy revolves around the asset management firm reportedly selling its 25% stake in Race Bank, a 573 megawatt offshore wind farm located off the coast of Norfolk in the UK.
The potential sale is currently being explored by Macquarie, who is working with advisors to assess the value of the wind farm, which could be as high as £3 billion ($3.66 billion), according to one of the sources.
Race Bank, which began operating in 2018, generates enough power to meet the equivalent consumption needs of over 510,000 homes.
Another shareholder, Orsted, holds a 50% stake in the wind farm.
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