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.