Canadian pipeline company Enbridge buys stake in UK wind farm

Thu Nov 5, 2015 7:07am EST
 
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(Reuters) - Enbridge Inc (ENB.TO: Quote), Canada's largest pipeline company, said it had bought a 24.9 percent stake in an offshore wind energy project in the United Kingdom for C$750 million ($570 million).

The Rampion project located off the UK Sussex coast is being constructed by a unit of utility company E.ON SE (EONGn.DE: Quote), which owns a 50.1 percent stake in the 400 megawatt (MW) project.

UK Green Investment Bank Plc holds a 25 percent interest, Enbridge said on Thursday.

($1 = 1.3164 Canadian dollars)

(Reporting by Amrutha Gayathri in Bengaluru; Editing by Maju Samuel)