DONG Energy acquires 580 MW Race Bank offshore project from Centrica

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DONG Energy has acquired a 100 percent ownership interest in the UK offshore wind development project Race Bank, from Centrica. The project has a total consented capacity of up to 580 MW and is located in the Greater Wash area approximately 27 km off the east coast of England.

The purchase price (enterprise value) for the project is GBP 50 million (approximately DKK 450 million). The Race Bank project has received all major consents from UK authorities for the construction and operation of the wind farm.