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DONG Energy sells 50% of 258 MW British offshore wind project

Danish energy group DONG Energy has signed and completed an agreement to sell 50% of the 258 MW Burbo Bank Extension offshore wind project to Danish pension provider PKA and KIRKBI, parent company of the LEGO Group for a total consideration of £660m (€840m). Each investor will obtain a 25% ownership interest in the project.

The Burbo Bank Extension will consist of 32 turbines and will have a capacity of 258 MW. It will add to the existing 90 MW Burbo Bank offshore wind park commissioned in 2007 and operated by DONG Energy. Onshore construction works have already started and offshore construction works will commence in the spring 2016. The project is expected to be fully commissioned in the first half of 2017. DONG Energy will provide operation and maintenance services to Burbo Bank Extension under a long-term O&M agreement. Furthermore, DONG Energy will be responsible for the sale and delivery to the market of the part of the production that is generated by its partners.

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