The wind division of Danish company Dong Energy has sold 50% of its shares in the German offshore windfarm project Gode Wind 2 to a consortium of Danish pension funds for $812million.
The transaction will make 840,000 pension savers with PKA, Industriens Pension, Lærernes Pension and Lægernes Pensionskasse co-owners of the 252MW, 42-turbine wind farm.
Construction of the farm is due to start next year, with full commissioning for this and the Gode Wind 1 projects expected in 2016.
“It is integral to Dong Energy’s business model that institutional investors consider a partnership with DONG Energy an attractive investment opportunity,” said Samuel Leupold, executive vice president of Dong Energy Wind Power.
“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 programme and thereby assists us in reaching this target.”
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