Greencoat UK Wind, SSE sign deal for sale of stakes in Walney Offshore Wind Farm

Greencoat UK Wind plc and SSE plc has entered into an agreement for the sale of a 25.1% non-operating stake owned by SSE in the 367 MW Walney Offshore Wind Farm in UK for GBP350 million (US$468.96 million). 

The deal will cover up to 92 MW of the total generating capacity in the wind farm. The project is jointly owned by Danish energy major Ørsted A/S (50.1%) and Dutch pension fund PGGM (24.8%). 

Located approximately 15km from the coastline of Walney Island, the wind farm consists of Walney 1 and Walney 2 each comprising 51 Siemens wind turbines with a total capacity of 367 MW, enough electricity to power over 320,000 UK homes. It has been fully operational since 2012.