The North Hoyle wind farm off the North coast of Wales, which first began operation in 2003, has been sold in a deal thought to be worth around £105 million.
North Hoyle was Wales’ first wind farm and the first of eighteen to be erected as the part of the UK’s Round 1 offshore wind farms.
The farm covers an area of 10 square kilometres (3.9sq miles) and is located approximately 7.5 kilometres (4.7 miles) off the coast of North Wales, between the towns of Rhyl and Prestatyn.
The Round 1 projects were initially intended to act as testbeds; building the UK's understanding of offshore wind power, whilst also providing well over 1,000 MW of green generating capacity for the UK.
All of the Round 1 offshore wind farms were limited to a maximum area of 10 square kilometres (3.9 sq miles) with no more than 30 wind turbines per farm.
Each of the 30 Vestas V80 Offshore wind turbines are rated at 2 MW capacity, giving a maximum project output for the farm of 60 MW
At the time of installation this was the most powerful wind farm in the UK, producing sufficient annual electricity to power 50,000 homes.
Independent surveys carried out for the operators of North Hoyle have shown that the wind farm is very popular among holidaymakers and local residents.
An opinion poll carried out in 2003, after one year of operation, showed that 73% of people expressed support for the project and only 5% opposed it.
It cost around £80m to build and was owned by German firm Innogy SE with support from the Port of Mostyn.
The 30 turbine site has now been sold to wind farm company Greencoat UK Wind along with Northern Irish wind farm Slieve Divena.
The acquisitions of the North Hoyle and Slieve Divena wind farms are expected to complete this month and will be funded by the renewable infrastructure fund's revolving credit facility.
The deal adds a total capacity of 90MW and takes Greencoat UK's net generating capacity to 547MW.