DONG Energy is paying PNE wind an initial 57 million euros, with another 100 million to follow in order to acquire 3 offshore wind projects in Germany.
The projects are in the North Sea around 30 km northwest of the island of Norderney. Gode Wind 1,2 and 3 have a capacity of 900 MW in total.
These will add to DONG Energy’s portfolio off offshore wind projects including Lincs, London Array, and West of Duddan Sands in the UK, Borkum Riffgrund 1 in Germany and Anholt offshore wind farm in Denmark, totalling around 2 GW in capacity.
Carsten Krogsgaard Thomsen, acting CEO of DONG Energy says “Offshore wind is a central part of DONG Energy’s overall strategy and the acquisition of the three Gode Wind projects strengthens our already ambitious development pipeline in German waters”.
“The projects have a good fit with DONG Energy’s project pipeline, ensuring that our installation sequence of building large-scale projects successively could work smoothly and help bring down the cost of energy from offshore wind power,” explains Thomsen.
If the outcome of the three projects is successful, construction on part of the project could begin in 2015, although the company has not yet made a decision regarding investment.
Munich RE has reportedly purchased 3 UK wind farms for an undisclosed amount, with a total generating capacity of 102 MW.
MEAG, the asset management arm of Munich RE is acquiring the 65 MW Scout Moor wind farm near Manchester, the 21 MW Tir Mostyn wind farm in North Wales and the 16 MW Bagmoor project in Lincolnshire.