UK Green Investment Bank Takes First $87 Mil Equity Stake in Offshore Wind

The UK Green Investment Bank (GIB) made its first direct equity investment in offshore wind via the acquisition of a 24.95% stake in Rhyl Flats Wind Farm Limited, located off the north Wales coast, from companies owned by RWE AG (RWE) for $87 million in cash. GIB acquires its stake alongside Greencoat UK Wind PLC which also acquires a 24.95% interest from RWE.

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