Enbridge Buys U.K. Offshore Wind With Eye on North American Seas
- Paying $570 million for 25% stake in Rampion wind farm
- Experience with offshore wind may help North American industry
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Enbridge Inc.’s investment in a U.K. offshore wind farm may help Canada’s largest pipeline operator bring giant turbines to North American waters.
Enbridge is paying C$750 million ($570 million) for a 25 percent stake in EON SE’s 400-megawatt Rampion Offshore Wind project off the cost of Sussex, England, the Calgary-based company said in a statement Thursday.