Dong Energy's JV sells transmission link to Walney 1 wind farm
Oct 24, 2011 - Walney Windfarms Ltd, majority-owned by Danish state-owned utility Dong Energy, has sold the transmission link to the offshore wind farm Walney 1 in the Irish Sea for some GBP 105 million (USD 167.6m/EUR 120.6m).
The buyer is Blue Transmission Walney 1 Ltd, a consortium of Australian investment bank Macquarie (ASX:MQG) and Barclays Integrated Infrastructure Fund, part of British banking group Barclays (LON:BARC), Dong Energy said last Friday.
The transaction has been closed and the assets will be transferred to Blue Transmission in the coming days.
Blue Transmission will operate the transmission link to Walney 1 for 20 years, UK sector regulator Ofgem said on Friday.
Walney Windfarms is a joint venture between Dong Energy with 50.1%, UK utility Scottish and Southern Energy (LON:SSE) with a 25.1% and OPW, a consortium of Dutch pension fund PGGM and Ampere Equity Fund, holding 24.8%.
Walney 1, which started operations in January 2011, comprises 51 turbines with a combined capacity of 183.6 MW.