Linklaters, Clifford Chance and Latham & Watkins are advising on the sale of a stake in a North Sea offshore wind project to the Green Investment Group.

Spanish energy giant Iberdrola, which owns Scottish Power, is selling a 40% stake in the as-yet incomplete East Anglia One site – which it values at more than £1.6 billion – to Macquarie-owned Green Investment Group (GIG), the company announced earlier this week.