Centrica – the FTSE-100 holding company which owns Scottish and British Gas – has landed a £70 million profit by selling three wind farms in England and Scotland. Edinburgh-based Green Investment Bank Offshore Wind Fund and funds managed by BlackRock have acquired GLID Wind Farms TopCo Ltdd from Centrica and EIG Global Energy Partners in a transaction worth £423 million. Centrica’s share of the proceeds is £115 million – generating a profit of £70 million on the investment.
Scottish Energy News 8th Feb 2016 read more »