POST Online Media Lite Edition



 

E.on agrees GBP-163m sale of UK offshore wind link

Staff Writer |
E.on has struck an agreement to sell the transmission assets at its 219-MW Humber Gateway offshore wind farm in the UK for GBP 162.9 million ($218 million).

Article continues below






The high-voltage electricity transmission link connects E.ON’s 219MW offshore wind farm in the North Sea, 8km from the east Yorkshire coast, to the onshore transmission grid. The 73 turbines are capable of generating enough electricity for around 170,000 homes each year.

The Balfour Beatty Equitix Consortium will own and operate the offshore transmission link to E.ON’s Humber Gateway wind farm for the next 20 years.

Balfour Beatty’s Power Transmission and Distribution business will be responsible for the operation and maintenance of the OFTO’s assets, including one offshore and one onshore substation and two cable circuits consisting of 18 kilometres of subsea and 30 kilometres of land cable.


What to read next

72-hour sale: Southwest Airlines fares fall below $100 round-trip
P&G to sell Camay and Zest Brands to Unilever
APN News & Media shareholders approve sale of ARM