Innogy Acquires Remaining 50% Stake in Triton Knoll Offshore Wind Farm in UK from Statkraft

Published: Oct 10 2017
Deal Summary

Innogy SE, an energy company, has acquired remaining 50% stake in Triton Knoll offshore wind farm situated in UK from Statkraft AS, a power generation company. The total installed capacity of the power plant will be 860 MW. The total cost of the project is expected to be GBP2,000 million (USD2,625.5 million). The investment per MW will be USD3.05 million.

Following the acquisition, innogy has become sole owner of the power plant. The plant is expected to supply the equivalent of 800,000 British households with renewable electricity each year and is expected to be commercial by 2021.

Osborne Clarke LLP acted as legal advisor to innogy with respect to the transaction.

Earlier on February 13, 2015, Statkraft has acquired 50% interest in Triton Knoll offshore wind farm in from RWE AG.

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