Energy
Advising Norges Bank Investment Management’s first unlisted renewable infrastructure investment
Macquarie Capital advised Norges Bank Investment Management (NBIM) on its €1.375 billion acquisition of a 50 per cent stake in Ørsted's 752 MW Borssele I and II offshore wind farm.
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| Sector | Energy |
| Sub-sector | Renewables |
| Location | Netherlands |
Opportunity
NBIM is the asset management division of Norges Bank, the Norwegian central bank. As one of the world's largest institutional investors, NBIM seeks to make a difference through sustainable investments.1
Ørsted is the largest operational offshore wind farm in the Netherlands and second-largest operational offshore wind farm in the world.2
Approach
Macquarie Capital advised NBIM on its €1.375 billion acquisition of a 50 per cent stake in Ørsted's 752 MW Borssele I and II offshore wind farm. Ørsted will remain co-owner and operator of the project.
The transaction represents NBIM’s first investment in unlisted renewable energy infrastructure and strengthens Macquarie Capital’s position as a leading adviser in the renewable energy market.3
Outcome
A landmark project for the Netherlands' transition to renewable energy.4
Expert sector knowledge
As a leading renewables financial adviser Macquarie’s Capital brought best-in-class information and support throughout the transaction process3
High tactical intelligence
Macquarie Capital provided highly tactical advice in a competitive process
Supporting the community
Borssele 1 & 2 generate enough power to cover one million households with green energy annually in the Netherlands and will support high-value jobs throughout the project’s operations5
- NBIM, 2019
- NBIM, 2021
- Inspiratia (CY22 by deal value)
- Orsted, 2021
- Orsted, 2020
- Government of the Netherlands, 2021
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