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Macquarie’s Latest Strategy: Selling Stakes in UK Wind Farm

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.

Information about Macquarie's latest move comes from undisclosed sources with knowledge of the matter. Photo: Getty Images
Information about Macquarie’s latest move comes from undisclosed sources with knowledge of the matter. Photo: Getty Images

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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