DONG Energy sells Walney wind farm stake
SSE will pay up to around 39 million pounds (US $62.5 million) for the stake in the 367 megawatt farm in the Irish Sea, of which around 17 million pounds is subject to operational performance, the Danish utility said in a recent statement.
SSE will pay a pro rata share of construction costs, said DONG Energy, which will keep the remaining 74.9 percent stake.
DONG Energy expects the cost of constructing Walney to total just under 1 billion pounds ($1.6 billion). The wind farm is expected to enter commercial operation in two phases in 2011.
Related News
Ontario will refurbish Pickering B NGS
TORONTO - The Ontario government has announced its intention to revitalize the venerable Pickering nuclear power station, which has been operational for over fifty years. This move could extend the facility's life by another 30 years.
This decision is timely, as Ontario anticipates a significant surge in electricity demand in the forthcoming years. Additionally, all provinces are grappling with new federal mandates for clean electricity, necessitating future power plants to achieve net-zero carbon emissions.
Todd Smith, the Energy Minister, is expected to endorse Ontario Power Generation's proposal for the plant's overhaul, as per a preliminary version of a government press release.
The renovation…
