DONG Energy sells Polish onshore wind business

DONG Energy's Polish onshore wind business operates three wind farms with a total installed capacity of 111.5 MW and has a development portfolio of more than 700 MW. Photo: DONG Energy
DONG Energy's Polish onshore wind business operates three wind farms with a total installed capacity of 111.5 MW and has a development portfolio of more than 700 MW. Photo: DONG Energy

Two Polish utilities, PGE and Energa, will acquire DONG Energy’s Polish onshore wind business. The two companies will each take over separate parts of the activities. The aggregate selling price (enterprise value) is approximately € 240 million. “The divestment is a step towards realising DONG Energy's previously announced plan to divest assets with an aggregate value of DKK 10 billion [approx. € 1.34 bn] during 2013 and 2014. We will thereby release capital to support our investments in, for example, offshore wind, where DONG Energy has a strong market position,” says Henrik Poulsen, CEO of DONG. Poulsen stresses that the investment in Polish onshore wind has been a sound investment for DONG, but that the company within wind power will focus on development, construction and operation of offshore wind farms in future.DONG Energy's Polish onshore wind business operates three wind farms with a total installed capacity of 111.5 MW and has a development portfolio of more than 700 MW. 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.

Katharina Garus

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