DONG Energy has decided to build and run the Norwegian onshore wind farm
Nygårdsfjell 2 in the Narvik municipality in Northern Norway. The wind farm is
owned by the company Nordkraft Vind AS, which is owned 50/50 together with the
Norwegian company Nordkraft. The farm will have a capacity of between 25.3 and
33 MW. Since 2002 DONG Energy has owned 33% of the hydro power company
Nordkraft, and therefore totally owns 67% of Nygårdsfell 2.
On 9th June 2009 Nordkraft Vind received approval from the Norwegian
authorities via ENOVA of a facility grant of DKK 169 million for the project.
The expected total investment in Nordkraft Vind before facility grant is DKK
0.3 billion.
“The Nygårdsfjell 2 wind farm represents yet another important step towards our
ambition to triple our production of renewable energy by 2020. At the same time
the Nygårdsfjell 2 will strengthen our industrial ownership in the Nordkraft
Group,” says Christina Grumstrup Sørensen, Vice President for Wind Development
and Construction in DONG Energy.
“The implementation of Nygårdsfjell 2 will boost the Nordkraft Group wind farm
venture. It will contribute to achieving our vision of becoming a leading
player in the renewable energy sector in Northern Norway and of reaching the
goal of producing 300 GWh generated by wind power over the next 10 years.
With Nygårdsfjell 2, we will expand our fruitful partnership with DONG Energy
and their knowledge of wind farms, through Nordkraft Vind AS,“ says Olaf
Larsen, CEO of Nordkraft.
Nygårdsfjell 2 will help to further develop DONG Energy's experience of setting
up onshore farms in mountainous terrain. DONG Energy is already in the process
of erecting the Storrun wind farm in similar terrain in Sweden, and also owns
half of the 6.9 MW Norwegian demonstration farm Nygårdsfjell 1, which has been
operating since 2005.
The content of this release does not alter previously announced expectations of
financial results for 2009 or of announced expected levels of investment.
For further information, please contact:
Media Relations
Andreas Krog
+45 9955 2023
Investor Relations
Morten Hultberg Buchgreitz
+45 9955 9750
DONG Energy is one of the leading energy groups in Northern Europe. We are
headquartered in Denmark. Our business is based on procuring, producing,
distributing and trading in energy and related products
in Northern Europe. We employ approximately 6,000 and generated more than DKK
60 billion (approx. EUR 8.2 billion) in revenue in 2008. For further
information, see www.dongenergy.com.