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PGGM lifts stake in 367-MW Walney offshore wind farm

Offshore wind farm. Author: Beverley Goodwin. License: Creative Commons, Attribution 2.0 Generic

July 19 (Renewables Now) - PGGM Infrastructure Fund has bought Ampere Equity Fund’s 9.9% interest in the 367-MW Walney offshore wind park in the Irish Sea, increasing its own stake to 24.8%.

Dutch pension fund PGGM and Ampere invested in the wind project at the end of 2010, buying together 24.8% from Danish state-owned utility Ørsted A/S (CPH:ORSTED), at the time known as Dong Energy. The latter's website shows it still controls 50.1%, while UK utility SSE (LON:SSE) holds the remaining 25.1% in the offshore wind farm. 

PGGM did not say how much it paid for the additional stake.

Operational since 2012, Walney has 102 Siemens turbines and produces enough electricity to power over 320,000 UK homes, according to Ørsted's calculations. The 659-MW Walney Extension park was completed in 2018.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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