THE UK Green Investment Bank has made its first direct equity investment in offshore wind.
The bank, which has its headquarters in Edinburgh, is paying £57.5 million for a 24.95% stake in Rhyl Flats Wind Farm from companies owned by RWE.
The 25-turbine site off the north Wales coast has been running since March 2010 and has a 90-megawatt capacity. RWE is retaining majority ownership and plans to use the proceeds from the sale to invest in further renewable energy projects in the UK.
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