Swedish energy group Vattenfall buys British wind-power project

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Swedish state-owned energy group Vattenfall said Monday it has bought the Thanet Offshore Wind project off the British coast for 35 million pounds (55 million dollars).

The wind farm off Margate, Kent, was on completion in 2010 estimated to be able to produce some 300 megawatts, or almost three times as much energy as Lillgrund, the group’s largest Swedish wind farm.

Completing the wind farm was estimated to cost some 780 million pounds, and would further boost Vattenfall’s wind power production, the group said.

Vattenfall said it bought the rights to build Thanet Offshore Wind from CRC Energy Jersey 1 Limited in competition with other energy companies.

Vattenfall also owns the Kentish Flats wind farm off Whitstable and recently bought wind power companies AMEC Wind Energy Ltd and Eclipse Energy plc.

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