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> DONG Energy acquires ownership in Centrica offshor...
DONG Energy acquires ownership in Centrica offshore wind project
13 Dec 2013
DONG Energy has acquired a 100% ownership interest in the Race Bank Offshore wind development from Centrica.
The £50 million cash deal for the Race Bank Offshore wind development has a total consented capacity of up to 580MW and has received all major consents from UK authorities for the construction and operation of the wind farm, which enable offshore construction to start from 2017.
The project is located in the Greater Wash area off the east coast of England, 27km from shore. The area has good wind resources, low water depths and seabed conditions similar to DONG Energy’s other UK Round 2 projects. Extensive geotechnical and geophysical investigations of the site have already been carried out.
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