Dong Energy closes sale of Walney 2 offshore transmission assets
Sep 26, 2012 - Danish state-owned utility Dong Energy A/S today announced the completion of the GBP-110-million (USD 178m/EUR 138m) sale of the transmission assets at the Walney 2 offshore wind farm in the UK.
The company said the deal's financial closure had been completed and the assets would be transferred to the buyer, Blue Transmission Walney 2 Ltd, a consortium of Macquarie Capital Group Ltd and Barclays Infrastructure Funds Management Ltd, in the coming days.
The sale is in line with rules, under which offshore wind farm generators should dispose of their transmission assets to new offshore transmission owners through a competitive tender managed by UK energy regulator Ofgem.
Dong Energy owns 50.1% in the Walney wind farms, Walney 1 and Walney 2, which have a total capacity of 367.2 MW and are located off Cumbria, northwestern England. UK utility SSE Plc (LON:SSE) has 25.1% in the project and the remainder is held by a company owned by Dutch pension fund PGGM and Ampere Equity Fund.
The Danish utility said it had agreed an operation and maintenance contract for the transmission assets with Blue Transmission Walney 2.