Glens of Foudland

Milbank, Tweed, Hadley & McCloy LLP has advised EIG Global Energy Partners in the joint sale with their 50% joint venture partner Centrica plc, of the Glens of Foudland, Lynn, and Inner Dowsing wind farms (“GLID“) to a consortium of funds managed by ...

Centrica said the Glens of Foudland site was fully commissioned in July 2005, while the Lynn and Inner Dowsing offshore wind farms came into full service in March 2009. The move comes after Centrica completed a strategic review last July, which is ...

Centrica and its joint venture partner EIG Global Energy Partners will sell three UK wind farms — Glens of Foudland, Lynn and Inner Dowsing — to a consortium comprising the UK Green Investment Bank and BlackRock. The sale is worth 423 million pounds ...

It wholly owns the Glens of Foudland onshore wind farm in Aberdeenshire, Scotland, with an installed capacity of 26 megawatts. A power-purchase agreement with Centrica will remain in place, the Green Investment Bank said in an e-mailed statement.

Centrica and EIG Global Energy Partners (EIG) have agreed to jointly divest 50% stakes in the Glens of Foudland, Lynn and Inner Dowsing wind farms to the UK Green Investment Bank (GIB) Offshore Wind Fund and funds managed by BlackRock for £423m.

A wind farm off the coast of Lincolnshire has been acquired as part of a deal worth more than £420m. The Lynn and Inner Dowsing wind farm has been sold alongside onshore windfarm Glens of Foudland in Aberdeenshire. The disposal was agreed by ...