20th Jul 2022 09:17
(Alliance News) - Renewables Infrastructure Group Ltd on Wednesday said it is increasing its investment in the Hornsea wind farm in north east England.
The London-based investor ups its stake in the wind farm by 2.4% for an undisclosed sum, consequently holding a 10% share in the project.
Hornsea One will represent 9% of Renewables' portfolio by value, it explained. The purchase is set to complete in the third quarter of 2022.
"Hornsea One has demonstrated strong operational performance since operations commenced in 2020. With a generation capacity of 1.2 gigawatt and covering an area of 407 square kilometres [157 square miles], the project is the largest operational offshore wind farm in the world. The project generates enough clean electricity to power more than one million homes," Renewables said.
Renewables Infrastructure shares were 0.1% higher at 135.30 pence each in London on Wednesday morning.
By Tom Budszus; [email protected]
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