DONG Energy has acquired a 33.3% stake in the first two offshore wind projects in the Hornsea zone from SMart Wind, the 50/50 joint venture between Mainstream Renewable Power and Siemens’ Financial Services unit, represented by Siemens Project Ventures GmbH.
The wind projects, Heron Wind Ltd and Njord Ltd., have a potential total capacity of up to 1GW. The initial purchase price has been agreed at approx. GBP 15 million for a 33.3% share of the projects with an option to acquire the remaining 66.7% of the shares at a fixed market price. DONG Energy has also acquired an option over an additional 1GW from the Hornsea zone. DONG Energy will build on the existing partnerships of SMart Wind with Siemens Wind Power and Siemens Transmission to move these projects into construction.
The wind projects, Heron Wind Ltd and Njord Ltd., have a potential total capacity of up to 1GW. The initial purchase price has been agreed at approx. GBP 15 million for a 33.3% share of the projects with an option to acquire the remaining 66.7% of the shares at a fixed market price. DONG Energy has also acquired an option over an additional 1GW from the Hornsea zone. DONG Energy will build on the existing partnerships of SMart Wind with Siemens Wind Power and Siemens Transmission to move these projects into construction.
