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

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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. 

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