Dong Energy has agreed to sell 50% of the Race Bank wind farm to Macquarie, with half going to its European Infrastructure Fund and half going to its investment arm. As part of the transaction, the companies are sharing risk for the construction of the 573 MW wind farm off the shore of Norfolk, England. The construction is expected to be fully commissioned by 2016, and the total transaction proceeds amount to £1.6bn ($2bn). The wind farm is expected to produce enough energy to power more that 400,000 households per annum.
Dong Energy has agreed to sell 50% of the Race Bank wind farm to Macquarie, with half going to its European Infrastructure Fund and half going to its investment arm. As part of the transaction, the companies are sharing risk for the construction of the 573 MW wind farm off the shore of Norfolk, England. The construction is expected to be fully commissioned by 2018, and the total transaction proceeds amount to £1.6bn ($2bn). The wind farm is expected to produce enough energy to power more that 400,000 households per annum.