The OWF – managed by GIB's subsidiary Green Investment Bank Financial Services (GIBFS) – has announced a £355m second close, along with the acquisition from its parent institution of rights to a 10% stake in the 576MW Gwynt y Mor offshore wind farm.
The OWF is now the largest renewable energy fund in the UK, according to the government-backed GIB, which has a target of £1bn for the investment vehicle.
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