1st Aug 2007 07:00
Centrica acquires 50% interest in UK's newest wind farm Centrica, the owner of British Gas, has acquired a 50 per cent interest in aScottish onshore wind farm, increasing its level of renewable generationcapacity. The Braes of Doune project in Stirlingshire took the UK's total windcapacity past 2,000MW for the first time when it was fully commissioned today. Centrica paid £42 million in cash for its share of the wind farm and will alsotake the entire output of the 72MW development, which will produce enoughelectricity to power the homes of 46,000 British Gas customers. The agreement with renewable energy firm Airtricity, which developed the36-turbine site, makes Braes the third operational wind farm in Centrica'sexpanding renewable portfolio. The company expects to become one of the largestinvestors in offshore wind farms and already has the lowest carbon intensity ofany major energy supplier. It already wholly owns the 26MW Glens of Foudland site in Aberdeenshire and is a50 per cent partner in the 90MW Barrow Offshore Wind development off the coastof Cumbria. It is also currently constructing the UK's largest offshore wind development,the 180MW Lynn and Inner Dowsing wind farms off the Lincolnshire coast, and hasfurther licences which could enable the construction of over 1GW of additionaloffshore wind generation. Jake Ulrich, Managing Director of Centrica Energy, said: "This is anothermilestone on the journey to supply our British Gas customers with clean andrenewable electricity in the years ahead and it will also help to secure theUK's future energy needs. "With 2000MW of wind now operational, the UK is firmly establishing the role ofrenewables as part of a diverse power generation mix." Enquiries: \* TCentrica Media Relations: 01753 494085Centrica Investor Relations: 01753 494900\* T Copyright Business Wire 2007Related Shares:
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