A consortium of investors led by Macquarie Group’s Infrastructure and Real Assets business have signed an agreement to buy the Severn power station from Danish owner DONG Energy for £350m.
Thomas Dalsgaard, Executive Vice President in DONG Energy, said: “We have succeeded in divesting the Severn power station at a satisfactory price in a difficult market.
“The divestment is an important element of the Group’s strategy to divest non-core assets and thereby strengthen the capital base for the benefit of the future development of the company.”
Severn power station has a capacity of 832MW and is able to generate power for approximately 1.5 million British households.
It is one of the most efficient natural gas-fired power stations of its type in the UK and started commercial operations in November 2010.