RWE acquisition

News

RWE Innogy announced yesterday that it has acquired 20.22 per cent of C-Power, the Belgian developer of the Thornton Bank offshore wind farm.

RWE Innogy announced yesterday that it has acquired 20.22 per cent of C-Power, the Belgian developer of the Thornton Bank offshore wind-farm.

The majority of the shares were bought from Belgian investment companies Ecotech and Socofe.

RWE Innogy also acquired 6.5 per cent of C-Power from shareholders including EDF Energies Nouvelles, Nutsbedrijven Houdstermaatschappij and DEME.

C-Power is developing and constructing the Thornton Bank wind farm off the Belgian coast.

According to RWE, Thornton Bank is fully permitted and access to the grid has been secured.

The wind farm will have an installed capacity of up to 300MW and is expected to produce around 1,000GWh of electricity per year, which is claimed to be sufficient to meet the requirements of about 600,000 people.

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