DONG Energy has acquired a 100% ownership interest from Centrica in the U.K. offshore wind development project Race Bank. DONG paid $82 million for the project, which has a total consented capacity of up to 580 MW and is located in the Greater Wash area about 27 km off the east coast of England.
The Race Bank project has received all major consents from U.K. authorities for the construction and operation of the wind farm, and geotechnical and geophysical investigations of the site have already been carried out. DONG says the consents enable offshore construction to commence from 2017.
"Race Bank fits very well into our existing pipeline of offshore wind projects and will contribute to the achievement of our strategic target of constructing 6,500 MW by 2020," says Samuel Leupold, executive vice president of DONG Energy Wind Power.
A decision to actually build the project is still pending and depends on a continued successful development of the farm under DONG Energy's ownership.