E.ON may sell majority stake in Robin Rigg wind farm – industry sources

28 Nov 2014 – E.ON, the German utility, is looking to sell a majority stake in its UK offshore wind farm Robin Rigg, two sector bankers and a renewables advisor said.

The official process is yet to be launched, but E.ON is thought to be in the process of hiring advisers, the industry sources said.

The wind farm, which has been in operation since 2012, has an installed capacity of 180 MW and is situated in the Solway Firth.

The first banker said E.ON is looking to sell as much as an 80% stake in Robin Rigg, much like the share it relinquished of its Rodsand II offshore wind farm in Denmark in November 2013. At that time the Danish energy company SEAS-NVE bought 80% of the 207 MW Rodsand II for EUR 470m.

E.ON is also planning to sell a majority stake in the proposed 400 MW Rampion wind project off the south coast of England, this news service reported earlier this week.

E.ON declined to comment.

by Katie McQue and Elza Holmstedt Pell

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