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DONG Energy acquires full ownership of three offshore wind development projects in the Netherlands


Published Dec 23, 2013
DONG Energy-2

DONG Energy has acquired the remaining 50% interest in three Dutch offshore wind development projects from its joint venture partner SSE. The projects, Den Helder 1, Breeveertien II and West-Rijn, have a total consented capacity of up to 1,050 megawatt and are located in the North Sea off the coast of the Netherlands.

The purchase price for the remaining 50% interest in the three projects consists of an upfront payment of approximately EUR 2.3 million (approximately DKK 17 million) and additional deferred payments that are subject to the achievement of certain milestones such as a decision to construct the wind farms. The total additional deferred payments amount to up to EUR 12 million (approximately DKK 90 million).

The three offshore wind development projects are already fully consented by the Dutch authorities and could potentially be built by the end of this decade.

“The Dutch offshore wind market has great potential and with these three development projects, DONG Energy is looking forward to contributing to the achievement of the announced Dutch target of 4,450 megawatt of offshore wind installed and operational by 2023. The projects have a total consented capacity of up to 1,050 megawatt,” said Samuel Leupold, Executive Vice President in DONG Energy Wind Power.

Tags: DONG Energy




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