Munich Re acquires UK wind farms

Munich Re has acquired three UK wind farms via its wealth management arm, MEAG.

The portfolio, which has a total capacity of 102 megawatts, comprises TIR Mostyn in North Wales (21 MW capacity), Scout Moor near Manchester (65 MW) and Bagmoor in Lincolnshire (16 MW).

Scout Moor, which is one of the largest onshore wind farms in the UK, and has been sold by HgCapital.

MEAG currently manages investments of around €226 billion.

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