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Repsol has agreed to sell its offshore wind power business in the UK to SDIC Power of China for € 238 million.
The sale includes the Inch Cape project (100%) and Repsol’s share in the Beatrice project (25%), both of which are located on the east coast of Scotland. The transaction is part of the company’s goal to sell non-strategic assets. The company expects to complete the sale of the UK assets during the first half of 2016.
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| #44 Vestas V162 wind turbines installed in Reher, Germany (courtesy Karol Kosmowski) |
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