- Published: 25 February 2016 25 February 2016
Repsol has agreed to sell its offshore wind power business in the UK to SDIC Power of China for € 238 million.
The sale includes the Inch Cape project (100%) and Repsol’s share in the Beatrice project (25%), both of which are located on the east coast of Scotland. The transaction is part of the company’s goal to sell non-strategic assets. The company expects to complete the sale of the UK assets during the first half of 2016.