Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In around 2010, following the sale of a 24.8% equity stake in the Walney offshore wind farm (including Walney 1) to a consortium of PGGM and the Dutch Ampère Equity Fund for £16 million, the consortium secured a 15‑year power purchase agreement that gives it a pro‑rata share of the power produced from the wind farm in return for sharing project costs, providing long‑term offtake revenue for its share of Walney 1’s output.