Dong sells 50% of Gode Wind 2

Dong Energy is to sell 50% of the 252MW Gode Wind 2 offshore wind project to a group of Danish pension funds in a €600m ($811.8m) deal.

The consortium of funds PKA, Industriens Pension, Lærernes Pension and Lægernes Pensionskasse – will take varying stakes in Gode Wind 2, which is expected to enter service in 2016 the German North sea.

PKA will be the biggest shareholder of the consortium, and will own 24.75% of the project on completion.

Dong will provide O&M services for Gode Wind 2 and offer a “route to market” for the power produced, said a statement.

PKA has already invested in Dong’s Anholt wind farm.

Samuel Leupold, vice president at Dony Energy Wind Power said: ” It is integral to Dong Energy’s business model that institutional investors consider a partnership with Dong Energy an attractive investment opportunity.”

Gode Wind 2 will join its 330MW Gode Wind 1 sister project at the site 45km off the German coast.

Both wind farms will use Siemens 6MW wind turbines.

The deal is expected to close in the second half of this year.