Dong opens Gode Wind 1 and 2 offshore wind farms in Germany

Dong Energy A/S (CPH:DENERG), the Danish offshore wind giant, is today opening its Gode Wind 1 and 2 offshore wind farms with a total capacity of 582 MW off the German coast.

The two wind farms feature 97 units of 6-MW Siemens turbines and generate enough electricity to meet the demand of 600,000 German households per year. The inauguration ceremony took place at the Danish Embassy in Berlin.

Dong owns 50% of both Gode Wind 1 and 2. Infrastructure fund Global Infrastructure Partners owns 50% of Gode Wind 1, with German insurance group Talanx also holding an indirect interest. Dong's partners in Gode Wind 2 are four Danish pension funds, including PKA and Industriens Pension, which together hold 50%.

Gode Wind 1 and 2 reached final investment decision in 2013. Construction works started in 2015 with the construction of the offshore substation.

Samuel Leupold, member of Dong Energy's executive committee and CEO of Wind Power, said that Dong's next German offshore wind farm, the 450-MW Borkum Riffgrund 2, is well underway.

Earlier this year, Dong was awarded three projects, totalling 590 MW, in an offshore wind auction in Germany, including the 110-MW Gode Wind 3. The two other projects, the 240-MW OWP West and the 240-MW Borkum Riffgrund West 2, will be built without subsidies.

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