AIP sells 25% stakes in 258 MW Burbo Bank Extension to Greencoat UK Wind and partners

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The consortium of companies led by Greencoat UK Wind Plc has entered into an agreement to acquire a 25% stake in the 258 MW Burbo Bank Extension offshore wind project from AIP. 

The project is located about four miles off the Wirral peninsula in North West England, Burbo Bank Extension. It consists of 32 Vestas V164 8.13MW turbines and has been in operation since July 2017. 

Greencoat will have a net interest of 15.7% in the offshore wind project in return for some GBP250 million (US$340.87 million) once the transaction is closed. The deal will be financed from a portion of Greencoat's revolving credit facility, cash flow, and proceeds from a new equity sale which will be issued at GBP1.32 (US$1.8) apiece. 

The deal is expected to be finalized by November 30, 2021. 

List of the country updates

Country updates

  • November 02, 2021

    Collet & Sons deliver turbine components for 23.5 MW Craiggore wind project in County Derry

    Collett & Sons has delivered 110 Enercon E92 turbine components, including 44.5 m-long blades, to the Craiggore wind farm project in County Derry, Northern Ireland. The blades were moved on Colle...

    Read more
  • November 02, 2021

    Preferred Bidder selected for Hydrogen hub project in Aberdeen

    Aberdeen City Council (Aberdeen) has selected bp as its preferred bidder for a commercial partnership to develop a hydrogen hub in the city, UK. As the preferred bidder,...

    Read more
  • October 29, 2021

    DST proposes 320 MW Blue Eden tidal lagoon project off the coast of Swansea

    The Swansea Council in the UK has announced that an international consortium led by DST Innovations has proposed to undertake the GBP1.7 billion (US$2.3 billion) Blue Eden project at Swansea’s w...

    Read more
  • October 29, 2021

    Octopus Renewables buys 17 MWe Oldhall Energy Recovery plant in Irvine

    Low Carbon and Waste Energy Power Partners (WEPP) have announced the sale of Doveryard Limited to funds managed by Octopus Renewables, which will see the construction of the Waste-to-Energy facility o...

    Read more
  • October 27, 2021

    Pivot Power commissions 50 MW/50 MWh energy storage project in Kemsley

    Pivot Power, an EDF Renewables company specializing in battery storage and infrastructure for electric vehicle charging, has commissioned the 50 MW/50 MWh energy storage project located in Kemsley, in...

    Read more

Share this update