Centrica to sell Peterborough site for £20m

British Gas owner Centrica has agreed to sell its Peterborough site to Whitetower Holdings UK Limited, an affiliate of Rockland Capital, for £20m.

The site comprises freehold land, the 245MW Peterborough open cycle gas turbine and the 49MW reciprocating gas engine.

The deal is expected to complete before the end of September, and Centrica said it will continue to provide optimisation services to the Peterborough site after the sale.

"The sale is consistent with Centrica's strategy to become a simpler, leaner group focused on delivering for its customers and its target to be net zero by 2045," it said.