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Centrica Plc signs agreement to sell Race Bank wind farm project to Dong Energy


Thursday, 12 Dec 2013 10:30am EST 

Centrica Plc:Says it reached an agreement to sell its Race Bank offshore wind farm project to Dong Energy A/S's Dong Energy Power (UK) Limited for 50 million pounds.Says with Centrica having taken the project through the planning and Front End Engineering Design phase, Dong Energy will take forward the project’s development.Says Race Bank is situated 27 km off the Norfolk Coast and was consented in 2012.Says once fully developed it could meet the equivalent annual electricity demand of more than 450,000 UK homes.Says following completion of the transaction, Centrica will retain equity interests totaling 290MW in four operational wind farms in the UK. 

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5 Mar 2015