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
Medicine Hat Grant Winners to Upgrade Grid and Use AI for Energy Savings
MIAMI - The city of Medicine Hat, Alberta, is taking bold steps toward enhancing its energy infrastructure and reducing electricity consumption with the help of innovative technology. Recently, several grant winners have been selected to improve the city's electricity grid distribution and leverage artificial intelligence (AI) to optimize energy use. These projects promise to not only streamline energy delivery but also contribute to more sustainable practices by reducing energy waste.
Advancing the Electricity Grid
Medicine Hat’s electricity grid is undergoing a significant transformation, thanks to a new set of initiatives funded by government grants. The city has long been known…
