Centrica invests £725 million in UK offshore wind farm

Investment in this project will total roughly £725 million and will begin generating power in 2012. When this project is complete, Centrica's portfolio of renewable energy projects will have a total installed capacity of 650MW.

"The government's enhanced financial framework for offshore wind has been fundamental in improving the overall project economics of this development," says Sam Laidlaw, chief executive of Centrica.

Centrica has also agreed to the sale of a 50% equity stake in its Lynn, In