Canadian pipeline company Enbridge buys stake in UK wind farm

Thu Nov 5, 2015 6:57am EST
 
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Nov 5 (Reuters) - Enbridge Inc, 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, 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)