Diamond Transmission Partners BBE £193 million acquisition of Burbo Extension offshore wind farm

3/5/2018
Asset acquisition

£ 193 million

$ 260 million

Announced

3/5/2018


Overview:

  • Diamond Transmission Partners BBE has acquired Burbo Extension offshore wind farm for £193 million.
  • Burbo Extension is a joint venture between Ørsted (formerly known as DONG Energy), Danish pension provider PKA and KIRKBI, parent company of the LEGO Group.
  • The divestment is part of the Offshore Transmission Owner regime.
  • The wind farm consists of 32 turbines that supply CO2-free energy to more than 230,000 households.

Katrin Kostadinova - Data analyst 

Jurisdiction:

United Kingdom

Deal type:

Asset acquisition

Practice area:

M&A

Governing law:

England and Wales

Industry sector:

Energy


Firm:

Party: Burbo Extension (Seller)

Lawyer: Chris Kilburn