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Birmingham Post
Birmingham Post
Business
David Laister

£400m deal agreed for Hornsea One offshore wind farm investment stake by UK fund

Orsted United Kingdom Global Infrastructure Partners Greencoat

Renewable infrastructure fund Greencoat UK Wind Plc has agreed a £400 million deal for a 12.5 per cent stake in Hornsea One.

It is buying from Global Infrastructure Partners, a New York-based investment fund that went in 50/50 with developer Orsted before a turbine was installed on the world-leading offshore farm anchored in Grimsby.

The deal is expected to complete in quarter three.

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