wind

EDF Renewables Sells 49 Percent Share of 24 UK Wind Farms

EDF Renewables has sold a 49 percent share of 24 of its UK wind farms to Dalmore Capital Limited and Pensions Infrastructure Platform. The cash proceeds to EDF at closing are £701 million.

EDF Renewables Sells 49 Percent Share of 24 UK Wind Farms
High Hedley wind farm (EDF Renewables)

EDF Renewables will continue to own a 51 percent share in the portfolio of wind farms. It will also continue to run the sites and to provide operations and maintenance requirements as well as asset management services.

EDF Energy will also continue to purchase all of the electricity and ROC's generated by the wind farms on market standard terms.

The community benefit fund arrangements associated with each wind farm will remain unchanged.

Simone Rossi, CEO of EDF Energy said, "We are delighted to welcome Dalmore Capital Limited and Pensions Infrastructure Platform as key partners in the UK.  This is a positive step for the UK's low carbon ambitions and energy resilience.  With onshore wind, offshore wind and battery projects - including our newly inaugurated offshore wind farm off the Northumberland coast, and battery storage plant in Nottinghamshire - we are very pleased to play a major role in this growing part of the UK energy landscape.”

The wind farms included in the transaction are:

Onshore ROC wind farms: (22)

·         Corriemoillie (47.5.MW) - Highlands, Scotland

·         Longpark (38 MW) - Borders, Scotland

·         Beck Burn ( 31.1 MW - Cumbria, England

·         Burnfoot Hill (26 MW) - Clackmannanshire, Scotland

·         Burnhead Moss (26MW) - Falkirk, Scotland

·         Pearie Law ( 19.2MW) - West Lothian, Scotland

·         Cemmaes (15.3MW) - Powys, Wales

·         Walkway (12.6 MW) - Durham, England

·         Rhodders (12.3 MW) - Clackmannanshire, Scotland

·         Barmoor (12 MW) - Northumberland, England

·         Llangwyryfon (9.4MW) - Ceredigion - Wales

·         Park Spring (8.6MW) - Barnsley, England

·         Broom Hill (8MW) - Durham, England

·         Langley (8MW) - Durham, England

·         Roade (7.2MW) - Northamptonshire, England

·         Fairfield (6.5MW) - Cumbria, England

·         Boundary Lane (6.2MW) - Durham, England

·         High Hedley 2 (5.2MW) - Durham, England

·         Burnfoot North (4.1MW) - Clackmannanshire, Scotland

·         Great Orton (4MW) - Cumbria, England

·         High Hedley 1 (2.4MW) - Durham, England

·         Kirkheaton (1.8 MW) - Northumberland, England

Onshore CfD wind farm: (1)

·         Dorenell ( 177 MW) - Moray, Scotland

Offshore ROC wind farm: (1)

·         Teesside (62.1MW) - North Yorkshire, England

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