Mainstream negotiating sale of 448-MW wind project off UK - report
Offshore wind turbines. Featured Image: Teun van den Dries/Shutterstock.com
Ireland's Mainstream Renewable Power is negotiating the sale of its 448-MW Neart na Gaoithe wind project off Scotland to US company InterGen and Siemens Project Ventures, energy news service SparkSpread reported.
Mainstream is now looking to sell the entire project after attempting to offload just a stake in 2012. US power producer InterGen has been unsuccessful in its previous attempts to buy stakes in such plants and an investment in Neart na Gaoithe would mark its entry into the offshore wind sector, SparkSpread said. InterGen is bidding through a joint venture with the Siemens unit.
The GBP-2-billion (USD 3.11bn/EUR 2.82bn) Neart na Gaoithe offshore wind project was awarded a Contract for Difference (CfD) in the UK's first CfD auction earlier this year. The award gives the wind farm an inflation-linked strike price for its output for a 15-year period.
Mainstream said previously it expects to make a final investment decision on the project in the first quarter of 2016. Completion is planned for 2020.