ESSEN (dpa-AFX) - German utility major RWE AG (RWEOY) has found potential partners to invest in the construction of the $2 billion Galloper wind farm off the Suffolk coast of England, according to media reports.
The Bloomberg noted that Germany's Siemens AG and U.K.'s Green Investment Bank are two of the three partners.
RWE, which is to build and operate the 336-megawatt facility, is seeking a final investment decision on partners to share the project costs by as early as October. RWE is hoping to reduce its stake in the 1.3 billion-pound project to 25 percent from 37.5 percent, the report said.
Copyright RTT News/dpa-AFX