in News Departments > Projects & Contracts
print the content item

DONG Energy has inked a deal to sell 50% of the 252 MW Gode Wind 2 offshore wind project, located in the German North Sea, to a consortium of Danish pension funds.

The total sales price amounts to approximately EUR 600 million, which will be paid between this year and 2016. Under the transaction, pension fund PKA will acquire 24.75% of Gode Wind 2, with Industriens Pension acquiring 10.5%, Laerernes Pension 8.75% and Laegernes Pensionskasse 6%.

Construction of Gode Wind 2 is expected to commence in 2015, with full commissioning of the project and neighboring wind farm Gode Wind 1 slated for 2016. The parties have agreed that DONG Energy will provide operations and maintenance services to Gode Wind 2 upon completion.

Samuel Leupold, executive vice president of DONG Energy’s wind power business, comments, “By 2020, we want to have tripled our installed capacity of offshore wind compared to the 2.2 GW we have built today. Today’s agreement enables us to free up capital to continue our investment program and thereby assists us in reaching this target.”

The transaction is subject to approval by the relevant competition authorities.




Trachte Inc._id1770
Latest Top Stories

The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.


Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008
UnitedEquip_id1995