EDF Renewables has sold a 49% stake in its wind farms to Dalmore Capital and the Pensions Infrastructure Platform, which brings together UK local authority pension schemes. The cash proceeds to EDF at close for the 49% stake are £701 million.

EDF Renewables will continue to run the sites and to provide operations and maintenance requirements as well as asset management services. EDF Energy will continue to purchase all of the electricity and ROCs generated by the wind farms on standard market terms.