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£1.6bn windfarm deal boost for North Sea

Author: https://www.heraldscotland.com/ | Date created: 13/08/2019

£1.6bn windfarm deal boost for North Sea

SCOTTISHPOWER’s Spanish owner has underlined its faith in the potential to develop more North Sea renewable energy assets after clinching a deal to sell a stake in a giant windfarm that values the facility at £4.1 billion.

Iberdrola has agreed to sell a 40 per cent interest in the East Anglia One development to Macquarie investment bank for £1.6bn.

The deal highlights the scale of the development, which has been led by ScottishPower Renewables engineering experts in Glasgow and London.

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