26 Sep '15, 9am

Mainstream Renewable Power successfully concludes sale of SMart Wind offshore wind investment to DONG Energy

Mainstream Renewable Power (“Mainstream”) has successfully concluded its negotiations with DONG Energy for the sale of its remaining interest in the SMart Wind offshore wind consortium. SMart Wind is a joint venture between Mainstream and Siemens Financial Services , which was formed in 2009 to successfully bid for and then to develop the 4,000 megawatt Hornsea Offshore Wind Zone in the UK North Sea as part of The Crown Estate’s licensing round for large-scale offshore wind projects (“Round 3”). DONG Energy bought the first phase of the Hornsea Zone in February 2015 from Mainstream and Siemens Financial Services. At 1,200 megawatts it is one of the world’s largest fully consented offshore wind farms. Today, in acquiring SMart Wind, DONG will continue the development of the remainder of the Zone. Welcoming today’s news, Mainstream’s Chief Operations Officer and Chairman of ...

Full article: http://www.renewableenergyfocus.com/view/42932/mainstream...

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