LONDON, Oct 6 - Macquarie is considering selling its 25% stake in Race Bank, a 573 megawatt offshore wind farm located off Britain's Norfolk coast, according to two sources with knowledge of the matter.
The race to reduce reliance on fossil fuels has attracted investors to invest in offshore wind farms, which can produce more power than onshore installation. The UK government has a target of 50 GW of offshore wind to be installed by 2030, but its latest auction in September ended without bidders, with some arguing the price offered by the government did not reflect rising industry costs.
Macquarie is an active player in the offshore wind industry and holds investments in several projects in the UK and elsewhere.
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