Dong Energy divests 50 per cent of its share in London Array 1 offshore wind farm

Dong Energy has signed an agreement to sell half of its 50 per cent share in the 630MW offshore wind farm London Array 1 to La Caisse de dépôt et placement du Québec (La Caisse), for a total sum of GBP 644 million.

 

At completion of the transaction, La Caisse will enter the existing joint venture with a 25 per cent ownership share alongside Dong Energy (25 per cent), E.ON (30 per cent) and Masdar (20 per cent). Dong Energy will remain the service provider of O&M services to London Array.