Macquarie Infrastructure Group
The question
To ask the Secretary of State for Energy Security and Net Zero, whether he has made an assessment of the potential risk of investment by Macquarie in (a) Lime Down Solar Park and (b) other Nationally Significant Infrastructure Developments.
Answered by Michael Shanks
Ofgem and DESNZ have robust market monitoring schemes to assess electricity generation licence applications. Ofgem’s principal objective is to protect the interests of existing and future consumers through maintaining security of supply and reducing greenhouse gas emissions. Ofgem considers the experience, capability, and financial stability of each applicant.
The National Security and Investment (NSI) Act gives the government powers to scrutinise and intervene in acquisitions that may pose threats to national security. The Government does not routinely comment on specific deals or the applicability of the Act.
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