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BlackRock to sell 365 MW of wind farms to Norwegian utility


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BlackRock to sell 365 MW of wind farms to Norwegian utility

Business

Category: Business News

Bergen-based utility Eviny has sealed a deal to buy two operational wind farms with a combined capacity of 365 MW in Norway from US investment giant BlackRock Inc (NYSE:BLK) for EUR 537.5 million (USD 584.9m) in enterprise terms.

The transaction concerns the 197-MW Guleslettene and the 168-MW Tellenes wind power generating facilities on the west coast of Norway, according to a statement released Tuesday.

The Guleslettene plant is situated in the municipalities of Bremanger and Kinn. The site is equipped with 47 turbines and produces about 700 GWh of clean power annually.

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Source: RenewablesNow.com