RWE sells minority interests in British on- and offshore wind farms

Swindon, UK - RWE Innogy confirms the successful sale of a 49.9% share in its Rhyl Flats offshore wind farm (Rhyl Flats) and a 41% share in its Little Cheyne Court onshore wind farm.

The UK Green Investment Bank (GIB) and Greencoat UK Wind PLC (Greencoat UK Wind), a renewable energy fund listed on the London Stock Exchange, have each acquired a 24.95% stake in Rhyl Flats.

Reinvestment into other renewable energy projects RWE Innogy continues to be the majority owner of both wind farms, and continues to operate and consolidate them in its balance sheet. By selling the shares in these wind farms RWE Innogy is raising

Source: IWR Online, 22 Mar 2013