DONG sells off half of its British offshore wind farm

The deal costs Marubeni and UK Green Investment Bank a reported 2.1 billion kroner

DONG Energy has revealed that it has agreed to sell half of its British offshore wind farm Westermost Rough to the Japanese investment company Marubeni and UK Green Investment Bank for a reported 2.1 billion kroner.

The Westermost Rough wind farm is currently under construction and will be the first large-scale commercial wind farm to use the new Siemens 6.0 megawatt direct drive turbines.

“The agreement with Marubeni and UK Green Investment Bank is a major step for Dong Energy’s partnership model. We have been able to enter into a shared construction risk partnership and at the same time we have locked in significant value creation from the transaction,” Samuel Leupold , the executive vice president at Dong Energy Wind Power, said in a press release.

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210 megawatts of power
Westermost Rough is located about 8km off the Yorkshire coast just east of Hull and will consist of 35 6.0 Siemens megawatt turbines with a total capacity of 210 megawatts. It is expected to generate enough energy to provide power to the equivalent of 210,000 British households on an annual basis.

“Marubeni and UK Green Investment Bank are two well-established and credible strategic investors, and their decision to become our joint venture partners in Westermost Rough is a vote of confidence in DONG Energy’s ability to manage and execute offshore wind construction projects and to deploy new technology,” Leupold said.

DONG Energy will deliver running and maintenance services to Westermost Rough from its base in Grimsby.