Related Links

News

PGMM and Ampère Equity Fund buy stake in offshore wind farm

A consortium of PGGM and Dutch Ampère Equity Fund, managed by Triodos Investment Management, are buying a 24.8% stake in the 367 MW Walney offshore wind farm in the UK from DONG Energy.

PGGM and Ampère Equity Fund will pay around £16 million for their share in the offshore wind farm, in addition to a pro rata share of the construction costs.

DONG Energy will retain a 50.1% stake in Walney Offshore Wind Farm and SSE will retain the 25.1% stake it acquired from DONG Energy in December 2009.

DONG Energy will be the leading partner in the remaining construction works related to the offshore wind farm, and has assumed certain specific obligations towards PGGM and Ampère Equity Fund relating to the final construction cost of the project and its completion.

Excluding the connection to the Great Britain electricity network, the cost of constructing Walney is expected to total approximately £1 billion.

Share this article

More services

 

This article is featured in:
Wind power

 

Comment on this article

You must be registered and logged in to leave a comment about this article.