11th Nov 2014 16:30
11 November 2014
DISPOSAL OF LINCS OFFSHORE WIND FARM TRANSMISSION ASSETS
Lincs Wind Farm Limited has completed the sale of the transmission assets at the 270MW Lincs offshore wind farm to TC Lincs OFTO Limited for £308 million.
The disposal is in line with regulations requiring offshore wind farm generators to divest their transmission assets to an offshore transmission owner (OFTO) post-construction.
Lincs Wind Farm Limited is a joint venture between Centrica Energy (50%), DONG Energy (25%) and Siemens Project Ventures (25%), the equity investment arm of Siemens Financial Services.
ENDS
Contacts:
Centrica Investor Relations: 01753 494900
Centrica Media Relations: 07789 570598
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