Offshore Wind
Announcements prior to September 2017, including this announcement, occurred under previous ownership.
22 March 2013
This landmark transaction represents a significant step for GIB in supporting one of its core sectors, offshore wind. Rhyl Flats wind farm is located eight kilometres off the north Wales coast in average water depth of eight metres.
It has been fully operational since March 2010 and consists of 25 Siemens 3.6 MW turbines with a total capacity of 90 MW.
GIB acquires its stake alongside Greencoat UK Wind PLC which also acquires a 24.95% interest from RWE, following its successful flotation on the London Stock Exchange, the first company of its kind to be fully invested solely in operating UK wind farms.
By selling a minority stake in Rhyl Flats, RWE will raise new capital which it plans to invest in other renewable energy projects in the UK.
Shaun Kingsbury
CEO of the UK Green Investment Bank
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