Centrica PLC
Centrica acquires 50% interest in UK's newest wind farm
Centrica, the owner of British Gas, has acquired a 50 per cent interest in a
Scottish onshore wind farm, increasing its level of renewable generation
capacity. The Braes of Doune project in Stirlingshire took the UK's total wind
capacity past 2,000MW for the first time when it was fully commissioned today.
Centrica paid £42 million in cash for its share of the wind farm and will also
take the entire output of the 72MW development, which will produce enough
electricity to power the homes of 46,000 British Gas customers.
The agreement with renewable energy firm Airtricity, which developed the
36-turbine site, makes Braes the third operational wind farm in Centrica's
expanding renewable portfolio. The company expects to become one of the largest
investors in offshore wind farms and already has the lowest carbon intensity of
any major energy supplier.
It already wholly owns the 26MW Glens of Foudland site in Aberdeenshire and is a
50 per cent partner in the 90MW Barrow Offshore Wind development off the coast
of Cumbria.
It is also currently constructing the UK's largest offshore wind development,
the 180MW Lynn and Inner Dowsing wind farms off the Lincolnshire coast, and has
further licences which could enable the construction of over 1GW of additional
offshore wind generation.
Jake Ulrich, Managing Director of Centrica Energy, said: 'This is another
milestone on the journey to supply our British Gas customers with clean and
renewable electricity in the years ahead and it will also help to secure the
UK's future energy needs.
'With 2000MW of wind now operational, the UK is firmly establishing the role of
renewables as part of a diverse power generation mix.'
Enquiries:
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Centrica Media Relations: 01753 494085
Centrica Investor Relations: 01753 494900
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