PGE & Energa Hydro buy wind farm assets from Dong Energy
February 20, 2013
PGE power utility and state utility Energa's unit Energa Hydro will buy Polish wind farm assets of Dong Energy Wind Power A/S for around PLN 1 billion, PGE said in a market filing.
PGE will take over 60.5 MW in operating wind farms and a portfolio of 555 MW in projects, including 130 MW in advanced projects. Energa Hydro will take over a 51 MW wind farm and 220 MW in wind farm projects under development.
The transaction, subject to anti-monopoly office's approval, is to be finalized in the nearest months of 2013, the filing showed.
PGE group held PLN 4.8 billion in cash and cash equivalents at end-Q3 2012.