International investment bank Macquarie buys Irish offshore wind farm development

The bank has acquired Fuinneamh Sceirde Teoranta, the developer of the proposed Sceirde Rocks offshore wind farm off the Galway coast

It is proposed that Scierde Rocks will be a 400-megawatt wind energy project, located offshore Galway and capable of generating enough energy to power up to 295,000 homes. File picture

International investment bank Macquarie has acquired a planned offshore Ireland wind energy project for an undisclosed sum.

The bank has acquired Fuinneamh Sceirde Teoranta (FST) from its existing Irish shareholders.