Slaughter and May advised Centrica on the sale of its Race Bank wind farm project to DONG Energy for £50 million.

The Race Bank wind farm project is situated 27km off the Norfolk Coast and received consent for a capacity of up to 580MW in 2012. Once fully developed, it could meet the equivalent annual electricity demand of more than 450,000 UK homes. It has been taken through the planning and front-end engineering and design phase by Centrica, and DONG Energy will now take forward the project’s development.

Following completion of the Race Bank sale, Centrica retain equity interests totalling 290MW in four operational wind farms in the UK.

CONTACTS

Corporate and Commercial: Hywel Davies (partner), Rob Coombes (associate), Heather Fleming (associate), Howat Duncan (trainee); Tax: Steve Edge (partner), Thomas Jarvis (associate), Stefan Farahani (associate); Real Estate: David Waterfield (partner), Samantha Brady (associate); Planning and Consents: Sarah Tolley (associate); Employment: Roland Doughty (partner), Katherine Flower (associate); Competition: Lisa Wright (partner), Kate Houston (associate)