RWE Sells Shares in British Offshore WInd Farm

Wind Industry Profile of

Agreed cash consideration of GBP 648 million / RWE will remain operator of the 219 megawatts offshore wind farm

RWE, one of the world’s leading renewable energy companies, has signed an agreement with Greencoat to sell a 49 % stake in the UK offshore wind farm Humber Gateway for a total cash consideration payable at completion being GBP 648 million. The disposal is part of RWE’s capital rotation program and the proceeds will be used to finance further growth in the renewable energy business. Greencoat is a UK-based investment manager whose funds invest in operating UK wind farms and other renewable projects. The transaction continues the successful relationship between RWE and Greencoat. The company is already a strong partner in other RWE UK projects,... ... More: Official Press Release RWE

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RWE, offshore, wind farm, Greencoat, share, UK, renewable energy, capital rotation program, investment manager