Dong buys UK's 580MW Race Bank

Denmark’s Dong Energy is buying the UK’s Race Bank offshore wind project from utility Centrica, it was announced today.

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 by 2020.

"The addition of up to 580MW to our UK project portfolio Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine