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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