DGAP-UK-Regulatory: Disposal of transmission assets at London Array, the world's largest offshore wind farm

DGAP-UK-Regulatory: Disposal of transmission assets at London Array, the 
world's largest offshore wind farm

DONG Energy A/S  / Miscellaneous

10.09.2013 13:02

Dissemination of a UK Regulatory Announcement, transmitted by
DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

London Array, a joint venture owned by DONG Energy (50%), E.ON (30%) and Masdar
(20%), today announced that it has signed an agreement for the sale of
transmission assets at the world's largest offshore wind farm to Blue
Transmission London Array Limited. 

The divestment takes place pursuant to the Offshore Transmission Owner (OFTO)
regime. Following a competitive tender, Blue Transmission London Array Limited
was in September 2012 selected by Ofgem as preferred bidder for the London
Array offshore transmission licence. 

With an asset value of GBP 459 million (DKK 4.1 billion) for the entire
transmission assets, this is the largest transaction to date in the OFTO
regime. The divestment is expected to close later this month. 

Blue Transmission London Array Limited is the licensee entity incorporated by
the consortium of Barclays Infrastructure Funds Management Limited and Diamond
UK Transmission Corporation (a wholly owned subsidiary of Mitsubishi
Corporation), advised by Macquarie Capital. 

London Array has been selected by Blue Transmission London Array Limited to
provide operations and maintenance services to the transmission link connecting
the London Array Offshore Wind Farm to the onshore grid. 

London Array is located around 20 km off the coasts of Kent and Essex on a
100km2 site.  Its 175 Siemens 3.6MW turbines have a combined capacity of 630MW
and are expected to produce enough electricity to power over half a million UK
homes each year. 

DONG Energy has previously entered into agreements for divestment of the
transmission assets for Walney 1, Walney 2, Barrow, and Gunfleet Sands Offshore
Wind Farm. 

The information provided in this announcement does not change DONG Energy's
previous financial guidance for the 2013 financial year or the announced
expected investment level for 2013-2014. 

For additional information, please contact:

Media Relations
Rune Birk Nielsen
+45 9955 6543

Investor Relations
Allan Boedskov Andersen
+45 9955 9769

DONG Energy is one of the leading energy groups in Northern Europe. Our
business is based on procuring, producing, distributing and trading in energy
and related products in Northern Europe. DONG Energy has nearly 7,000 employees
and is headquartered in Denmark. The Group generated DKK 67 billion (EUR 9.0
billion) in revenue in 2012. For further information, see www.dongenergy.com

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associated documents


News Source: NASDAQ OMX

10.09.2013 DGAP's Distribution Services include Regulatory Announcements,
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Language:           English
Company:            DONG Energy A/S
ISIN:               XS0253170335
Category Code:      MSC
LSE Ticker:         65XG
Sequence Number:    1640
Time of Receipt:    Sep 10, 2013 13:02:19
End of Announcement                             DGAP News-Service
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