DONG Energy has signed an agreement with the Danish energy company SE and the Danish pension fund PFA under which SE and PFA will acquire DONG Energy’s Danish onshore wind business.
The aggregate sales price (enterprise value) for the onshore wind business is DKK 760 million (equivalent to approximately € 102 million). The divestment concerns a total of 272 wind turbines with a total installed capacity of 196MW. The turbines are located at approximately 80 different sites in Denmark with an average operational track record of 16 years. The divestment includes an early stage development project totalling up to 23MW. The business includes a Danish organisation consisting of approximately 18 employees, who will be employed by the purchasing company going forward. The transaction is expected to be completed later in 2013 following approval by the Danish competition authorities.