Norges Bank snaps up stake in Race Bank offshore wind farm in £330m deal

Michael Holder
clock • 2 min read
The Race Bank offshore wind farm | Credit: Ørsted
Image:

The Race Bank offshore wind farm | Credit: Ørsted

Asset management arm of Norway’s state-owned central bank agrees to buy 37.5 per cent stake in project from Macquarie and Spring Infrastructure Capital

Norges Bank Investment Management has agreed to acquire a 37.5 per cent stake in the 573MW Race Bank offshore wind farm off the east coast of England in a £330m deal with Macquarie Asset Management and...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Wind

'A win-win for nature': Marine Recovery Fund promises to unlock up to £30bn in offshore wind investment

'A win-win for nature': Marine Recovery Fund promises to unlock up to £30bn in offshore wind investment

Ministers claim reforms to system of Marine Protected Areas can help deliver up to 13 new offshore wind farm projects

James Murray
clock 29 January 2025 • 3 min read
Study: UK forecast to miss 2030 wind and solar goals by 32GW

Study: UK forecast to miss 2030 wind and solar goals by 32GW

But government says it does not recognise figures from Cornwall Insight that suggest UK is on course to miss 2030 clean power goal

Michael Holder
clock 27 January 2025 • 5 min read
Defra announces new rules to curb offshore wind noise pollution

Defra announces new rules to curb offshore wind noise pollution

Government says moves will better protect marine animals and help accelerate offshore wind development

James Murray
clock 21 January 2025 • 3 min read