Mainstream concludes sale of SMart Wind to Dong Energy

Friday, 2 October, 2015 - 11:00
The first meteorological met mast in the 4 GW Hornsea Zone is using the Twisted Jacket foundation. (Photo: SMart Wind)
The first meteorological met mast in the 4 GW Hornsea Zone is using the Twisted Jacket foundation. (Photo: SMart Wind)

Mainstream has successfully concluded its negotiations with Dong Energy for the sale of its remaining interest in SMart Wind.

SMart Wind Ltd. offshore wind consortium is a joint venture between Mainstream Renewable Power and Siemens Financial Services, which was formed in 2009 to successfully bid for and then to develop the 4,000 MW Hornsea Offshore Wind Zone in the UK North Sea as part of The Crown Estate’s Round 3. Dong Energy bought the first phase of the Hornsea Zone in February 2015 from Mainstream and Siemens Financial Services. In acquiring SMart Wind, Dong will continue the development of the remainder of the Zone.

“In 2009 when we set up SMart Wind with Siemens Financial Services, we brought together two companies with significant expertise in offshore wind. Now, as the Hornsea Zone emerges from the development phase I am delighted that ownership will pass to Dong Energy who is the largest global owner and operator of offshore wind farms”, says Andy Kinsella, Mainstream’s Chief Operations Officer and Chairman of SMart Wind.

“At a time when the UK is decommissioning old fossil fired power stations, and scaling back its ambitions for low carbon generation onshore, the delivery of new renewable energy at scale from the North Sea represents a significant industrial and economic opportunity for the country. I am delighted that SMart Wind has led the way in this transformation, and that Dong will now continue and complete what we have started”, he continues.

Katharina Garus / Mainstream Renewable Power

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