Dong sells 50% stake in Anholt to Danish pension funds

Dong will sell 50% of the 400MW Anholt offshore wind project to two Danish pension insurance groups, as it builds on its success in stoking interest in the sector among institutional investors.

28 March 2011 9:55 GMT Updated 23 September 2016 12:13 GMT

By Karl Stromsta

PensionDanmark will buy a 30% stake in Anholt and PKA will take another 20% for a combined DKr6bn ($1.13bn), with payments to be made in four installments between the end of 2011 and 2013.

The electricity generated before April 2014 will go onto Dong’s books, while after that date it will be split among the three companies according to their respective stakes.

Additionally,

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Dong sells 50% stake in Anholt to Danish pension funds