Siemens Sells Wind Zone That May Meet 4% of U.K.’s Power

Siemens Financial Services GmbH and Mainstream Renewable Power Ltd. sold an offshore wind development area to Dong Energy A/S that has the potential to provide as much as 4 percent of the U.K.’s electricity demand.

If developed to its full 4-gigawatt capacity, the Hornsea zone may require an investment of as much as 12 billion pounds ($19 billion), Mainstream said Friday in an e-mailed statement. That’s enough to power as many as 3 million homes, it said.