DONG Energy buys offshore wind farm installation firm A2SEA  

2009.07.02
Danish energy group DONG Energy has acquired A2SEA, a market leading supplier of installation vessels for offshore wind farms, for approx. DKK 700m
Danish energy group DONG Energy has acquired A2SEA, a market leading supplier of installation vessels for offshore wind farms, reports the Danish Energy Association in its daily newsletter. DONG Energy has paid approx. DKK 700m (USD 132m) to acquire the firm from a number of shareholders including Dansk Kapitalanlæg, Lønmodtagernes Dyrtidsfond and Clipper Projects.

DONG Energy has been using A2SEA's vessels for several offshore projects, including the construction of the Horns Rev 2 wind farm currently under construction in the North Sea. The purchase of A2SEA and its four vessels gives DONG Energy increased flexibility by owning its own vessels, and facilitates faster completion and commissioning of wind farms.

Anders Eldrup, CEO of DONG Energy, comments on the deal: "The purchase of A2SEA enables DONG Energy to make the installation of offshore wind turbines even more efficient, and this will help us realise DONG Energy's strategy for increasing the volume of power produced from renewable energy sources."

Besides currently completing two wind farms in the North Sea – Horns Rev 2 (209 MW) and Gunfleet Sands (172 MW) – DONG Energy is set to build the Walney offshore wind farms in the Irish Sea and also plans to build the world's largest offshore wind park, London Array I (630 MW) in the Thames Estuary, together with E.ON and Masdar.

Link > DONG Energy            

Next step

Explore business cases

Please contact me

Name
Company
E-mail
Phone
How can we help you?

IDK
We use cookies to make the website perform optimally. You accept cookies by closing the box or continuing to use the website. Click here to read more about cookies. ×