DONG Energy has signed an agreement to sell half of its 50 per cent share in the 630 MW 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 (approx. DKK 5,800 million).

With this partnership divestment DONG Energy delivers on the fifth and final point in its financial action plan presented in February 2013 securing the foundation for the future growth in DONG Energy.

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.

Samuel Leupold, Executive Vice President of DONG Energy Wind Power says:

“We are delighted to have entered into an agreement with such a credible financial investor as La Caisse. I’m certain that they will become a valuable partner in this prestigious project.”

Tags: DONG