Dong buys SSE Dutch offshore stakes

If they go ahead the Dong projects would join Princess Amalia in Dutch waters

If they go ahead the Dong projects would join Princess Amalia in Dutch waters

Denmark’s Dong Energy has taken total control of three Dutch offshore wind projects after buying out joint venture partner SSE, the UK-based utility.

Dong said the three projects – Den Helder 1, Breeveertien II and West-Rijn – have a total consented capacity of up to 1.05GW in the North Sea.

The Danish energy group paid SSE about €2.3m ($3.13m) upfront for the 50% it did not already own.

That will be followed by a further up to €12m if the projects proceed past certain milestones.

Dong said the fully-consented projects could be built by the end of the decade – but added that it wants to have “full visibility” of investment decisions before committing.

Samuel Leupold, executive vice Log in to read complete article.

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