31 Mar '14, 7am

GIB/Marubeni buy Westermost 50%

GIB/Marubeni buy Westermost 50%

In a separate transaction, the UK government-backed GIB is also spending £220m to buy a 10% stake in the 576MW Gwynt y Môr offshore wind farm being built off north Wales by RWE Innogy. In the case of Westermost Rough, a Dong statement said: “After the joint venture has been established all shareholders will contribute on a pro-rata basis to future funding and sharing of the risks related to the construction of the project.” Danish power giant Dong will handle O&M services under a long-term agreement. The Dong statement said: “Furthermore, the parties have Log in to read complete article.

Full article: http://www.rechargenews.com/wind/offshore/article1356880.ece

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