International law firm Clifford Chance advised a consortium of AXA IM Alts and Crédit Agricole Assurances on the acquisition of a 50% stake in the 1.3 GW Hornsea Two offshore wind farm in the UK. Hornsea Two, currently under construction, will become the world’s largest offshore wind farm once commissioned later in 2022. The total value of the transaction is £3 billion, and the transaction is expected to close in the second half of 2022 once the wind farm is fully commissioned and customary regulatory approvals are obtained.