DONG Energy signs agreement with Centrica to sell Race Bank wind farm project

With Centrica having taken the project through the planning and Front End Engineering Design phase, DONG Energy will now take forward the project’s development.

Race Bank is situated 27km off the Norfolk Coast and was consented in 2012. Once fully developed it could meet the equivalent annual electricity demand of more than 450,000 UK homes.

Mark Hanafin, Managing Director of Centrica Energy said: “This transaction marks the next step in the development of the Race Bank wind farm and we are pleased that the project will continue to progress towards a Final Investment Decision.”

Following completion of the transaction, Centrica will retain equity interests totalling 290MW in four operational wind farms in the UK.