{"id":34132,"date":"2009-10-28T07:02:07","date_gmt":"2009-10-28T11:02:07","guid":{"rendered":"http:\/\/www.pehub.com\/?p=53925"},"modified":"2009-10-28T07:02:07","modified_gmt":"2009-10-28T11:02:07","slug":"tcw-buying-uk-wind-farm-stakes-from-centrica","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/34132","title":{"rendered":"TCW Buying UK Wind Farm Stakes from Centrica"},"content":{"rendered":"

LONDON(Reuters) – British Gas owner Centrica Plc (CNA.L) said on Wednesday it will sell a 50 percent equity stake in three wind farms to the US-based investment management company TCW for 84 million pounds in cash ($138 million).<\/p>\n

Centrica is selling the stake in its Lynn, Inner Dowsing and Glens of Foudland wind farms and entered agreements to raise approximately 340 million pounds of non-recourse project finance facilities from a consortium of banks for these assets.<\/p>\n

“The refinancing and equity sale of part of our existing wind portfolio underlines the quality of the operational assets and creates a structure for recycling Centrica’s capital and mobilising third party funds efficiently,” Sam Laidlaw, Chief Executive of Centrica, said.<\/p>\n

The company also said its 270 megawatt (MW) Lincs offshore wind project has received final investment approval. About 725 million pounds of investment is expected.<\/p>\n

Construction should begin in 2010 and the wind farm should be generating power towards the end of 2012.<\/p>\n

Shares in Centrica closed at 244.20 pence on Monday.<\/p>\n

(Reporting by Sharon Lindores; Editing by Paul Hoskins)<\/p>\n

($1=.6091 Pound)<\/p>\n

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LONDON(Reuters) – British Gas owner Centrica Plc (CNA.L) said on Wednesday it will sell a 50 percent equity stake in three wind farms to the US-based investment management company TCW for 84 million pounds in cash ($138 million). Centrica is selling the stake in its Lynn, Inner Dowsing and Glens of Foudland wind farms and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-34132","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/34132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=34132"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/34132\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=34132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=34132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=34132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}