Garrad Hassan advises DONG Energy on wind portfolio of €722 million sale to E.ON

Garrad Hassan (GH) has acted as Technical Adviser to DONG Energy regarding the Spanish and Portuguese wind farm portfolio in DONG Energy's sale of all of its shares in its Iberian renewables business, Energi E2 Renovables Ibericas S.L. (E2-I) to E.ON for a price equalling an enterprise value of EUR 722m.

E2-I has wind, hydro and biomass generation facilities in operation in Spain and Portugal with a net installed capacity of approximately 260MW, as well as further wind power projects.

Andrew Garrad CEO of the Garrad Hassan Group has added:

"We are delighted to have been able to support DONG Energy in this significant deal. GH's depth of experience in the Spanish and Portuguese markets has enabled us to support this international sale with high level local expertise. This brings GH's M and A advisory role in 2007 to $8 billion."