RWE npower completes £165m wind farm deal
UK electricity and gas distributor RWE npower, has closed a £165 million transaction for the transfer of a further four wind energy projects to Beaufort Wind Limited (BWL), of which it is a part owner. The deal marks the completion of the second phase of the £400m Zephyr investment fund set up in 2004.
The four wind energy projects sold to BWL have a total capacity of 140 megawatts (MW) and include the UK's first major offshore wind farm, North Hoyle (60 MW), completed in April 2004.
The purchase
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