New Market Study Published: RWE Innogy to Sell 25% Stake in Rhyl Flats Wind Farm to GIB for $87m - Deal Analysis from GlobalData
RWE Innogy GmbH (RWE), a renewable energy company, agreed to sell its 24.95% stake in the Rhyl Flats offshore wind farm to UK Green Investment Bank plc (GIB), a funding institution established by the UK government, for a consideration of GBP57.5m ($87.06m). This investment will help RWE to raise additional capital for development for their renewable energy pipeline projects.
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