Dong adds to UK wind farm stakes
Posted 19.12.2011 09:19:24 av John Bradbury
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Dong Energy has taken a stake in two UK offshore wind farm sites which are to be developed to produce up to 1 Gigawatts of energy.

Dong has agreed to take 33.3% in the Round 3 Hornsea development zone in a deal with the Smart Wind joint venture which comprises Mainstream Renewable Power and Siemens which are aiming to develop two projects through Heron Wind Limited and Njord Ltd.

Dong has agreed to £15 million for an initial 33.33% stake in each project while the deal includes options to increase its equity to 66.7%

Hornsea is one of nine offshore site leased under the UK Crown Estate's Round 3 licensing programme, and Smart Wind, formed by Mainstream Renewables and Siemens back in 2009 is due to develop the Hornsea site by 2020.
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