LONDON Jan 31 Denmark's Dong Energy
has sold half of its 50 percent stake in the world's largest
offshore wind farm located in Britain to Canada's La Caisse de
depot et placement du Quebec for 644 million pounds ($1.1
billion), the two sides said on Friday.
The deal reduces Dong's stake to 25 percent and leaves
Germany's E.ON as the project's largest shareholder
with 30 percent.
The 630-megawatt London Array offshore windfarm is located
20 kilometres off the coast of Kent and was officially opened in
"This is an opportunity for us to invest, alongside
established partners, in a quality asset in a growth-driven
sector," said Macky Tall, senior vice-president of
infrastructure at La Caisse.
La Caisse is one of Canada's largest institutional fund
managers. It looks after public and private pension and
insurance funds from Quebec with a combined value of around $186
Britain's renewable energy sector has become an attractive
market for investors seeking regulated assets as the government
backs the development of green energy projects with long-term
Along with Dong Energy, La Caisse and E.ON, Abu Dhabi's
Masdar holds a 20 percent stake in the project.