Greencoat UK Wind has successfully acquired a 12.5% stake in the Hornsea One offshore wind farm in Yorkshire, UK. Last May, the company firmed an agreement with developer Global Infrastructure Partners (GIP) regarding the investment.
It is estimated that the transaction cost approximately £400m.
Hornsea One, which features over 170 turbines from Siemens Gamesa 120km off the coast, is under commercial operations since December 2019, with an installed capacity of 1.2GW.
The plant was developed by GIP in partnership with Ørsted, which is the project’s operator.
For more information please visit EICDataStream.