E.ON agrees £163m sale of windfarm transmission assets

E.ON has signed an agreement for the sale of transmission assets at its Humber Gateway offshore windfarm to a consortium comprising Balfour Beatty Investments and Equitix for almost £163m.

Humber Gateway remains 100 per cent owned by E.ON and comprises 73 turbines located 8 km off the English coast. It went into full operation in May 2015 and has a capacity of 219 MW. E.ON agrees £163m sale of Humber Gateway windfarm transmission assets

Balfour Beatty Investments and Equitix were selected by Ofgem in September 2015 as the preferred bidder to own and operate the offshore transmission link. The sale is necessary due to regulatory requirements relating to the ownership of transmission and generation assets.

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