ABB_id2059
in News Departments > New & Noteworthy
print the content item

The Denmark government, majority owner of DONG Energy, plans to enter a deal whereby Goldman Sachs and two Danish pension funds will invest DKK 11 billion (approximately $2 billion) for a total 26% ownership interest in the energy company. In addition, the parties agree to seek an initial public offering (IPO) of DONG Energy when conditions are right.

Goldman Sachs will invest DKK 8 billion, with pension funds Arbejdsmarkedets Tillægspension (ATP) and PFA Pension Forsikringsaktieselskab (PFA) investing DKK 2.2 billion and DKK 0.8 billion, respectively. The ownership interests of the new investors will be as follows: Goldman Sachs approximately 19%, ATP approximately 5% and PFA approximately 2%. The Danish State’s ownership interest will be reduced from about 81% to 60%. If the deal receives necessary approvals, DONG Energy expects final agreement to be concluded before year’s end.

DONG Energy, which currently has almost 2 GW in offshore wind capacity, announced in September that it plans to reach 6.5 GW by 2020.



Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015