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European Energy completes sale of 25-MW Danish wind farm

The Nojsomheds Odde wind farm in Denmark. Source: European Energy A/S

December 13 (Renewables Now) - Copenhagen-based wind and solar developer European Energy A/S said today it has closed the sale of a 25.2-MW wind farm in Denmark.

As announced last month, the company’s subsidiary European Wind Farms Denmark A/S was selling the asset to an unnamed Swiss investment management firm. Separately today, SUSI Partners AG announced that it has bought seven out of the nine 3.6-MW wind turbines that make up the Nojsomheds Odde wind farm in the municipality of Lolland, equal to a total acquired capacity of 25.2 MW. The other two turbines will remain with European Energy.

The wind park has been generating electricity since February 2018 and benefits from a Danish feed-in premium of DKK 0.25 (USD 0.038/EUR 0.033) per MWh.

European Energy noted that the sale will have a positive contribution to its financial position.

“This is the first transaction we have done with SUSI and I believe we can grow the relationship in the future,” stated Knud Erik Andersen, CEO of European Energy.

(DKK 1.0 = USD 0.152/EUR 0.134)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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