MEAG plans to purchase wind farm developments in the UK

MEAG is to purchase three wind farms in the UK with a total output of 102MW: the Tir Mostwyn wind park in northern Wales, Scout Moor near Manchester and Bagmoor in Lincolnshire.

This investment for Munich Re forms part of Renewable Energies and New Technologies (RENT), an initiative that aims to invest €2.5bn (£1.9bn).

The vendor is an investment fund from private equity investor HgCapital.