“We have done Gode Wind 100% on the Dong balance sheet,” Lars Thaaning Pedersen, Dong’s head of European wind development, told Recharge in a recent interview.

“As a strategy, we want to divest up to 50% of it,” said Pedersen, noting that Gode Wind will represent the largest single investment Dong has ever made.

The company last month announced its final investment decision for the two projects set around 45km from the German coast, simultaneously giving Siemens a massive order for 97 of its 6MW offshore turbines.

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