Dong would listen to A2Sea offers
Dong Energy would be ready to sell its controlling stake in A2Sea, as the wind turbine installation specialist "does not hold the same strategic importance as it did before".
A2Sea, which Dong acquired 51% of in 2009, is profitable, Wind CEO for Dong, Samuel Leupold told the Danish press.
"But interested parties are welcome if they believe more value can be added to the company," he added.
Dong confirmed the comments, adding only that the market for installation vessels has changed during the last five years.
But the company stressed that it is not actively involved in a sales process for A2Sea or its cable specialist subsidiary CT Offshore.
The minority stake in A2Sea is owned by German industrial giant Siemens.
A2Sea chalked up a record profit of DKr276.5m ($51.3m) in 2013, but warned that the future would be more challenging, with fewer major European projects up for grabs over the next few years.
Earlier this month, A2Sea's Sea Installer vessel completed turbine installation at West of Duddon Sands Offshore wind farm, East Irish Sea, a 50/50 JV between Dong Energy and Scottish Power Renewables.
The offshore wind farm is expected to be fully operational by the end of 2014.
A2Sea also had an addition to its fleet, the Sea Challenger, which went directly to Gunfleet Sands to install two Siemens 6MW test turbines.