IFLR1000

Blackrock and Green Investment Bank £423 million acquisition of UK wind farms

10/2/2016
Public acquisition
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£ 423 million

$ 611.449 million

Completed

10/2/2016

Overview:

  • A consortium of Blackrock and the UK Green Investment Bank has acquired UK wind farm assets with 200MW of generating power from Centrica and EIG.
  • The farms in question are the Lynn and Inner Dowsing offshore farms in Lincolnshire.
  • The deal represents the first time that a UK offshore wind farm has been wholly owned by investors from outside the utilities sector.

Sam Duke - Editor

Jurisdiction:

United Kingdom

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

England and Wales

Industry sector:

Energy

Firm:
Eversheds Sutherland

Party: Blackrock (Acquirer)

Party: Green Investment Bank (Acquirer)

Lawyer: Stephen Hill

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