Walney (UK) Offshore Windfarms Limited announced today that it has completed
the sale of transmission assets at the offshore wind farm Walney 2 to Blue
Transmission Walney 2 Limited, which is the licensee entity incorporated by the
consortium of Macquarie Capital Group Limited (Macquarie Capital) and Barclays
Infrastructure Funds Management Limited, for approx. GBP 110 million (approx.
DKK 1,045 million).
DONG Energy (50.1%), SSE (Scottish and Southern Energy) (25.1%) and OPW
(24.8%), a company jointly owned by Dutch pension administrator PGGM and Ampère
Equity Fund (managed by Triodos Investment Management), are the companies
behind Walney (UK) Offshore Windfarms Limited, with DONG Energy as the leading
partner in the construction and operational phases of the Walney Offshore
The financial closure of the transaction has been completed, and the assets
will be transferred in the coming days to Blue Transmission Walney 2 Limited.
DONG Energy and Blue Transmission Walney 2 Limited have agreed upon an
operation and maintenance contract for the transmission assets.
The disposal is in line with regulation requiring offshore wind farm generators
to divest their transmission assets to new offshore transmission owners via a
competitive tender run by Ofgem.
The information provided in this announcement does not change DONG Energy's
previous financial guidance for the 2012 financial year or the announced
expected investment level.
For additional information, please contact:
Rune Birk Nielsen
+45 9955 6543
Morten Hultberg Buchgreitz
+45 9955 9750
DONG Energy is one of the leading energy groups in Northern Europe. We are
headquartered in Denmark. Our business is based on procuring, producing,
distributing and trading in energy and related products in Northern Europe. We
have approximately 6,400 employees and generated DKK 57 billion (EUR 7.6
billion) in revenue in 2011. For further information, see www.dongenergy.com.
SSE (Scottish and Southern Energy) is one of the UK’s leading energy companies,
involved in the generation, distribution and supply of electricity and in the
extraction, storage, distribution and supply of gas. Its core purpose is to
provide the energy people need in a reliable and sustainable way. It supplies
energy to 10 million customers throughout the country, is
independently-recognised as the best energy supplier for customer service and
is the UK’s leading generator of electricity from renewable sources. For
further information, see www.sse.com
PGGM is a leading Dutch pension fund service provider offering pension
management, integrated asset management, management support and policy advice
to its institutional clients. PGGM currently works on behalf of six pension
funds, managing about €125 billion of pension assets of 2.5 million people. As
a cooperative organisation, PGGM helps its over 570,000 members to secure a
valuable future. PGGM works independently or with strategic partners to develop
innovative future benefit solutions combining pensions, care, accommodation and
employment. For further information, see www.pggm.nl
Ampere Equity Fund, managed by Triodos Investment Management, invests
exclusively in renewable energy projects. The Fund has attracted major Dutch
institutional investors with a total committed capital of EUR 320 million. The
full capital of the fund has been invested in a diversified portfolio of
utility scale wind and solar projects in Western Europe. The Fund has a long
term hold strategy to deliver optimized long term cash yield and stable value
development for its investors. Triodos Investment Management is a subsidiary of
Triodos Bank with over 25 years’ experience in renewable energy investments.
Disposal of the transmission assets at the offshore wind farm Walney 2.pdf
DONG Energy is one of the leading energy groups in Northern Europe. Our business is based on procuring, producing, distributing and trading in energy and related products in Northern Europe.