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DONG Energy has signed an agreement with two Polish utilities, PGE and Energa, under which PGE and Energa will acquire DONG Energy’s Polish onshore wind business.

PGE and Energa will each acquire separate parts of the activities. The aggregate selling price (enterprise value) for the wind-business is approximately PLN 1.0 billion (equivalent to approximately € 240 million). Completion of the transaction is subject to approval by the relevant competition authorities. The business operates three wind farms with a total installed capacity of 111.5MW and has a development portfolio of more than 700MW. The business includes a Polish organisation of approximately 40 employees, who will be employed by PGE and Energa going forward. The transaction is expected to be completed later in 2013 after competition authority approvals have been obtained.
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