RWE

It provides low carbon heating by using the steam from RWE’s biomass combined heat and power plant at Markinch

The UK’s watchdog found no competition concerns

It is part of a larger asset swap, which involves breaking up innogy and dividing its assets between parent company RWE and E.ON

It is capable of producing 240 tonnes per hour of steam and 130MW of electricity

It has signed a long term power purchase agreement (PPA) with Parkwind

The acquisition is part of a complex asset swap deal between the two companies

As part of the deal, RWE is selling its 76.8% stake in innogy to E.ON

RWE is currently the controlling shareholder in the renewable energy business

The German utility said the decision was made ‘based on current market conditions and project costs’

It is offering the 23.2% stake for €40 (£35) per share