Vattenfall Divests in Borkum Offshore Wind Project

16 December 2009 (Last Updated December 16th, 2009 18:30)

Europe’s fifth largest electricity generator Vattenfall said it will divest its minority share in the Borkum Riffgrund 1 Offshore Wind Project to Denmark’s Dong Energy. The project is jointly owned by Plambeck Neue Energien, Dong and Vattenfall. In 2006, Vattenfall received it

Europe’s fifth largest electricity generator Vattenfall said it will divest its minority share in the Borkum Riffgrund 1 Offshore Wind Project to Denmark’s Dong Energy.

The project is jointly owned by Plambeck Neue Energien, Dong and Vattenfall.

In 2006, Vattenfall received its 24.5% share from a deal between Vattenfall, Energy E2 and Elsam and the project has since been developed by Dong Energy.

Vattenfall Wind Power Head Anders Dahl said the firm is undertaking the divestment to prioritise many onshore and offshore projects the company has in different countries.

Vattenfall is currently building eight wind farms in six countries.