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DONG Energy sells 50% of the UK offshore wind farm project

Staff writer |
DONG Energy has sold 50% of the 258 MW UK offshore wind farm project Burbo Bank Extension to Danish pension provider PKA and KIRKBI, parent company of the LEGO Group.

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Each investor will obtain a 25% ownership interest in the project.

Burbo Bank Extension will be constructed by DONG Energy with offshore construction works commencing in the spring 2016. The project is expected to be fully commissioned in the first half of 2017.

The total purchase price for the investors amounts to approximately GPB 660 million (DKK 6.6 billion) to be paid in the period 2016-2017.

Burbo Bank Extension will consist of 32 turbines and will be the first large-scale wind farm to deploy the new MHI Vestas 8.0 MW turbine. When completed Burbo Bank Extension will be able to supply CO2-free power equivalent to the annual electricity consumption of more than 230,000 households.

DONG Energy will provide operation and maintenance services to Burbo Bank Extension under a long-term O&M agreement. Furthermore, DONG Energy will be responsible for the sale and delivery to the market of the part of the production that is generated by PKA and KIRKBI A/S’s 50% ownership share.

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