By: greenbank On: March 01, 2013 In: Comments: 0

GIB invested GB£57.5 million, 24.95% equity stake in this 90MW offshore wind project off North Wales from RWE AG (RWE). GIB’s investment allows the release of capital back to the original developers to be re-invested in new renewable projects in the UK. GIB’s stake in Rhyl Flats was subsequently acquired by the GIB Financial Services-managed Offshore Wind Fund in April 2015.

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