German energy giant E.ON to invest DKK 3.2bn in Denmark  

2008.10.14
One of the world’s leading power and gas companies, Germany’s E.ON, plans to invest DKK 3.2bn (USD 580m) in Denmark until 2013
One of the world’s leading power and gas companies, Germany’s E.ON, plans to invest DKK 3.2bn (USD 580m) in Denmark until 2013, writes financial daily newspaper Børsen. The largest investment out of this sum was revealed last week when E.ON announced that it has placed an order worth DKK 2bn (USD 360m) with Siemens Energy for the supply of 90 wind turbines for the Rødsand II offshore wind farm south of the Danish island of Lolland in the Baltic Sea.
 
With an installed capacity of 207 MW, the new project will be one of the world’s largest offshore wind farms. Rødsand II will be located 3 kilometres to the west of the existing Rødsand I offshore wind farm, which was connected to the grid in 2003. The Rødsand I wind farm is jointly operated by E.ON and the Danish energy company DONG Energy.
 
In an interview with Børsen, managing director of E.ON’s Nordic divisions Håkan Buskhe was asked why the company was placing such major investments in Denmark. “There are ships available to install such a large number of wind turbines in Denmark, and we also find an expertise in wind power that we can draw on,” Buskhe said, adding that E.ON also has gained experience from Rødsand 1:
 
“Specifically, we have very good experience from the Rødsand 1 project. There are actually not so many people in the world who know something about offshore wind turbine projects and so Denmark is interesting,” says Buskhe.
 
The 90 wind turbines will be installed in 2010. Once completed the Rødsand II offshore wind farm will save an estimated 700,000 tonnes of CO2 annually, E.ON writes in a press release.

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