Danish energy companies EuroWind Energy and Wind Estate have created a joint venture (JV) to combine their wind power capacity, which now amounts to 186.3MW.
Under the agreement, the companies will establish K/S Blue Holding with an equally split ownership.
Eurowind is contributing 28 turbines at Overgaard wind park and 11 turbines at Norre Okse So wind park with capacities of 96.9MW and 39.6MW, respectively. Wind Estate is supplying 16 turbines at Overgaard with a capacity of 49.8MW.
Under the JV, Wind Estate will also pay an undisclosed sum to Eurowind Energy, with the companies confirming that the total value exceeds DKr3bn (€402.05m).
Overgaard is Denmark’s largest onshore park with an overall capacity of 146.7MW, nearly twice the size of the second largest, Vindpark Thorup-Sletten, at 77MW.
Wind Estate chief executive Ane Mette Lysbech-Kleis said: “The collaboration opens up opportunities that neither of us could achieve alone. And when the turbines stand side by side, as in Overgaard, it makes sense to explore how we can jointly optimise the operation and further develop the area.”
Eurowind Energy chief executive Jens Rasmussen added: “By consolidating all the turbines in Denmark’s largest wind park, we maximise the value of the park. We have several other joint interests, so it is certainly possible that we will further enhance our cooperation with Wind Estate, both in Denmark and abroad.”
According to Power Technology’s parent company, GlobalData, wind energy is set to supply 60% of Denmark’s power generation by 2030.
In April, the Danish Energy Agency launched its biggest offshore wind tender to date, with a combined potential capacity of up to 10GW to meet the country’s electricity demand of 34.5 terawatt-hours (TWh). By 2035, GlobalData expects consumption to increase marginally at a compound annual growth rate of 0.9% to reach 38.4TWh.
Denmark is targeting 100% renewable energy electricity generation by 2050 as it works to phase out fossil fuels.
