Macquarie was operating the Walney 1 undersea transmission cable together with a fund managed by Barclays Infrastructure Funds Management (BIFM).
Following the transaction between Mitsubishi and Macquarie, Mitsubishi and the BIFM fund now each hold a 50% stake in Walney 1 and have a licence to operate the project for 20 years.
The undersea power cable is about 50km long and connects a 184MW wind farm in the East Irish Sea to the Lancaster Coast and its transformers facilities.
