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.