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Macquarie Capital – Sale of offshore wind farm in UK and Ireland

Irish utility ESB has acquired a 12.5% stake in the UK – based Galloper offshore wind farm from Macquarie Capital. Galloper, a 353MW project located 30km off the coast of Suffolk in the North Sea, is also backed by the Green Investment Group (25%), Innogy (25%), Siemens Financial Services (25%) and Sumitomo Corporation (12.5%). Financial details of the transaction have not been disclosed.