Falck Renewables sells interest in six UK wind power farms

Falck Renewables sells interest in six UK wind power farms

Italian energy developer Falck Renewables announced it has finalized the sale of 49 percent of its interests in wind farm projects in the UK for £154.4 million (US$257 million). The company sold interest in six UK wind farms, which have a combined power generation capacity of about 273 megawatts, to CII HoldCo Ltd, a company owned by Copenhagen Infrastructure. The investment went to a fund managed by Danish investor PensionDanmark.

"This is the result of a process that we started more than a year ago and that now allows us to be in a more robust financial position and, at the same time, to look at the future feeling confident that we can benefit from an important partnership with a partner of international standing," Piero Manzoni, chief executive officer of Falck Renewables, said in a statement.

Among the projects includes in the deal are the 67.5 MW Kilbraur and 65 MW Millennium wind farms in Scotland  and a 58.5 MW wind project in Wales.

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