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Windtech International July August 2024 issue

 

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RWE Innogy has confirmed the sale of a 49.9% share in its Rhyl Flats offshore wind farm (Rhyl Flats) and a 41% share in its Little Cheyne Court onshore wind farm.

The UK Green Investment Bank (GIB) and Greencoat UK Wind PLC (Greencoat UK Wind), a renewable energy fund listed on the London Stock Exchange, have each acquired a 24.95% stake in Rhyl Flats. Separately, Greencoat UK Wind has acquired a minority stake in Little Cheyne Court wind farm. RWE Innogy continues to be the majority owner of both wind farms, and continues to operate and consolidate them in its balance sheet. By selling the shares in these wind farms RWE Innogy is raising £ 165.2 million new capital, including £57.5 million direct equity from GIB that will be reinvested into other renewable energy projects in the UK.
 
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