Ørsted Sells Walney Extension OWF and Increases Outlook for 2017

We have signed an agreement to sell 50% of Walney Extension, a 659 megawatt (MW) UK offshore wind farm project to a consortium consisting of PKA and PFA, two leading Danish pension funds. Each investor will obtain a 25% ownership interest in the project. Walney Extension, which is currently under construction, will be the world’s largest offshore wind farm when commissioned in the second half of 2018.

We will construct the wind farm under a full-scope EPC contract. We will also provide long-term operations and maintenance services from its O&M base in Barrow-in-Furness and provide a route to market for the power generation from Walney Extension. Henrik Poulsen, our CEO, says: ”We’re delighted to welcome two Danish pension funds as co-owners of Walney... ... More: Official Press Release Ørsted

Keywords:

Ørsted, DONG Energy, Walney Extension, OWF, offshore, UK, pension fund