£2bn Lincolnshire wind farm takes a step closer as Japanese take stake
A £2bn windfarm off the Lincolnshire coast has taken a step closer after two Japanese energy firm paid £1bn for a 41% stake in the project.
German firm Innogy has sold the stake in its Triton Knoll project to J-Power and Kansai Electric Power, who will own 25% and 16% respectively.
Triton Knoll will earn its owners £74.75 per megawatt-hour of electricity produced.
The construction of the windfarm will start next year and by 2021 will create enough energy to power 800,000 homes.
Hans Bunting, chief operating officer for ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...