Dong Energy has agreed a £1.6bn ($1.98bn) deal to sell half of the 573MW Race Bank offshore wind project to global finance giant Macquarie.
The agreement will see the Australian based group’s Macquarie European Infrastructure Fund 5 and Macquarie Capital, its investment arm, buy into Race Bank, which is currently being built off eastern England.
As well as the half share, the deal includes a commitment to fund 50% of project capex, including transmission assets.
