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International Public Partnerships Ltd - London-based infrastructure and business investment firm - Moves towards financial close on investment in East Anglia One Offshore Transmission project with issue of notice under Section 8A of the Electricity Act 1989 on Tuesday.
Expects to invest around £105.0 million upon close. The wind farm consists of 102 seven megawatt wind turbine generators, with an installed capacity of 714MW connected to offshore substation platforms at the East Anglia One wind farm.
The project is IPP's tenth OFTO investment.
Current stock price: 152.90 pence, up 0.2% on Wednesday in London
12-month change: down 8.9%
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