Centrica has agreed to sell the 580MW Round 2 project to Dong for £50m ($81.8m).

Race Bank is sited 27km off the Norfolk Coast and was consented in 2012. Dong said offshore construction could begin from 2017 if a final investment decision is made.

Samuel Leupold, executive vice president of Dong Energy Wind Power said: “Race Bank fits very well into our existing pipeline of offshore wind projects and will contribute to the achievement of our strategic target of constructing 6.5GW