Dong Energy Sells 50% of Anholt Offshore Wind Power Plant

DONG Energy would build the 400-megawatt Anholt wind farm in the Kattegat off Denmark by the end of 2013 as part of a strategy to wean itself off fossil fuels and boost wind energy.

Anholt, with wind turbines to be delivered by Germany’s Siemens, is expected to supply wind power for more than 400,000 Danish households.

PensionDanmark and PKA has signed an agreement with DONG Energy on the acquisition of 50 per cent of the Anholt offshore wind farm for a price of app. DONG Energy commits to constructing the Anholt offshore wind farm at a fixed price and by a fixed date. On 1 April 2014, PensionDanmark and PKA will take over responsibility for operation and earnings in proportion to their respective interests. Until that date, production will primarily accrue to DONG Energy.

DONG Energy has signed a 15-year contract with PensionDanmark and PKA on operation and planned maintenance of the wind farm. Last year PensionDanmark bought a 50 percent stake in the Nysted wind farm off Denmark, and Dutch pension funds manager PGGM and Ampere Equity Fund took a nearl 25 percent stake in DONG’s Walney wind farm in the Irish Sea.