Danish pension funds invest in German offshore wind farm

Fredericia, Denmark - Dong Energy signed an agreement to sell 50 per cent of the 252 MW German offshore wind farm project Gode Wind 2 to a consortium of Danish pension funds. That will make 840,000 pension savers co-owners of the wind farm.

The total sales price amounts to approximately EUR 600 million, which will be paid in the period from 2014 to 2016. Construction of Gode Wind 2 is expected to commence in 2015, and full commissioning for this and the neighbouring wind farm Gode Wind 1 is expected in 2016.

Pension funds: Stable return on investment At completion of the transaction, PKA will, acquire 24.75 per cent of Gode Wind 2, with Industriens Pension acquiring 10.5 per cent, L

Source: IWR Online, 23 Jul 2014