DBJ to take 25% Gunfleet stake

Dong's Gunfleet Sands suffered a DKr960m budget overspend  

Dong

The Development Bank of Japan (DBJ) will purchase half of Marubeni’s 49.9% stake in the 172MW Gunfleet Sands wind farm off eastern England.

Each side will now hold 24.95% of the first and second phases of the project, which includes 48 Siemens turbines, roughly 7km off the coast of Essex in the Thames Estuary. They did not reveal the financial terms of the deal.

“Offshore wind (will) be one of the next main renewable energy industries" in Japan, the DBJ said, adding that the partnership will give it the opportunity to invest in more renewables projects at home and abroad.

Denmark’s Dong Energy will remain Gunfleet Sands’ majority stakeholder and will continue to run the wind farm, the Log in to read complete article.

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