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E.ON sells 80 percent share of Danish offshore wind farm

Duesseldorf - E.ON agreed today to sell an 80 percent stake in its 207 megawatt R

At closing, a loan of 280 million Euros will be taken out by the wind farm company and the proceeds remitted to E.ON. SEAS-NVE will then purchase 80 percent of the equity for 150 million Euros. As a result the total cash proceeds for E.ON will be 430 million Euros. The deal is consistent with E.ON



Source: IWR Online, 14 Nov 2013

 


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