Joint Venture Formed

ownership

Lincs OFTO

Date TBD

View SourcePublished: 17 Sept 2014

Event Details

Event Type:Joint Venture Formed

Category:ownership

Date:Date TBD

Date Precision:day

Event Signals

Neutral

Informational - no clear directional impact

Low Impact

Minor progress or informational

Ownership Details

Buyer:Centrica Renewable Energy Ltd (50%); Dong Energy (Lincs) UK Ltd (25%); Siemens Project Ventures GmbH (25%) via Lincs Wind Farm Limited joint venture

Description

Lincs Wind Farm Limited, identified as the developer of the Lincs transmission assets, is structured as a joint venture between Centrica Renewable Energy Ltd (50%), Dong Energy (Lincs) UK Ltd (25%) and Siemens Project Ventures GmbH (25%), providing the corporate vehicle that owned and developed the offshore transmission infrastructure associated with the Lincs project.