U.K. Green Bank Buys $378 Million Offshore Wind Stake
The U.K. Green Investment Bank bought a 240 million-pound ($378 million) stake in a wind farm off Britain’s east coast from Statoil ASA (STL) and Statkraft AS.
The transaction enables Statkraft and Statoil to take part of their investment in the project and re-invest it elsewhere, Shaun Kingsbury, chief executive of the Edinburgh-based bank said in the statement. “We intend, in time, to transfer the asset to our proposed operating offshore wind fund, which is intended to attract new investors and new capital to the U.K.”
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- November 27, 2014
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