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UK's United Utilities sells wind business to major utility
1 April 2005
After many months on the lookout for a buyer for its renewables interests, Britain's United Utilities has at last sold its wind business to utility E.ON UK. The portfolio of projects for around 500 MW -- all in varying stages of development -- includes two offshore wind farms. E.ON takes over United Utilities' share in Scarweather Sands, a full permitted offshore project off south Wales that is being developed in a 50-50 joint venture with Energi E2 of Denmark. And it takes on a share in the 300 MW Humber Gateway project off north-east England. The sale, for an undisclosed cash sum, also includes the rights to onshore projects in Greater Manchester, Cumbria, Yorkshire, Scotland and south Wales. In addition, ten former United Utilities staff will join E.ON's 80-strong renewables team. E.ON's Jason Scagell hails the purchase as an excellent deal. "We have tough government targets for renewable generation to meet and these new developments will help us take another step towards reaching them." United Utilities' operating landfill gas and hydro assets were not part of the deal having been sold off two months earlier. E.ON says it plans to start survey work on Scarweather Sands this year.
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