Post by account_disabled on Mar 13, 2024 0:10:07 GMT -5
German utility RWE AG said on Monday it had signed an agreement with Greencoat, a UK-based investment manager, to sell a % stake in Britain's Humber Gateway offshore wind farm . The total cash consideration upon completion of the deal is £m.
Closing of the tra Caseno Email List nsaction is subject to approval by the Supervisory Board of RWE AG and is expected in mid-December
Following the agreement, RWE will remain the operator of the megawatt offshore wind farm with a % stake in the project. Humber Gateway, which has an installed capacity of megawatts, was commissioned in
The disposal is part of RWE's capital rotation program and the proceeds will be used to fund further growth in the renewable energy business. Greencoat, whose funds invest in the operation of UK wind farms and other renewable projects, is already a strong partner in other RWE UK projects, namely the Rhyl Flats offshore wind farm as well as the Little onshore wind farms. Cheyne Court, Lindhurst and Middlemoor.
By the end of , RWE aims to expand its renewable energy portfolio to more than gigawatts of capacity through an investment of € billion net. Together with partners, the gross investment volume can amount to billion euros.
Closing of the tra Caseno Email List nsaction is subject to approval by the Supervisory Board of RWE AG and is expected in mid-December
Following the agreement, RWE will remain the operator of the megawatt offshore wind farm with a % stake in the project. Humber Gateway, which has an installed capacity of megawatts, was commissioned in
The disposal is part of RWE's capital rotation program and the proceeds will be used to fund further growth in the renewable energy business. Greencoat, whose funds invest in the operation of UK wind farms and other renewable projects, is already a strong partner in other RWE UK projects, namely the Rhyl Flats offshore wind farm as well as the Little onshore wind farms. Cheyne Court, Lindhurst and Middlemoor.
By the end of , RWE aims to expand its renewable energy portfolio to more than gigawatts of capacity through an investment of € billion net. Together with partners, the gross investment volume can amount to billion euros.