in News Departments > Projects & Contracts
print the content item

In order to focus more on developing, constructing and operating offshore wind farms, DONG Energy has sold its 33% interest in the Norwegian onshore wind company Kvalheim Kraft to Vardar Boreas AS, which already owns a 33% interest in Kvalheim Kraft.

Kvalheim Kraft owns two operating wind farms, Mehuken 1 and 2, which are located close to the west coast of Norway approximately 300 km north of Bergen. The combined wind farms have a total installed capacity of about 23 MW, consisting of 4.25 MW from Mehuken 1 and 18.4 MW from Mehuken 2.

“The onshore wind assets in Norway have been a good investment for DONG Energy. But as our core expertise is not in onshore wind, we have decided to divest these assets in Norway to allow us to focus our energy in the future in areas in which we can create maximum value - i.e., offshore wind,” says Samuel Leupold, executive vice president of DONG Energy Wind Power.

Since February, when DONG Energy presented a new strategy focusing on offshore wind, DONG Energy has divested its onshore wind assets in Poland, Denmark and Norway.





Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015