Marubeni Corporation Acquires Ownership Stake in Gunfleet Sands Offshore Wind Farm

Nov. 02. 2011
Marubeni Corporation

On September 1st, 2011 Marubeni Corporation and DONG Energy entered into an agreement in which Marubeni acquires a 49.9% stake in DONG Energy’s 172MW Gunfleet Sands offshore wind farm. Completion of the transaction was conditional on meeting certain contingencies, among other things.

We are pleased to announce that the transaction was completed on November 1 and Marubeni is now working on arranging financing for the purchase.

With this acquisition, Marubeni’s total worldwide power generating capacity will come to 8,796MW (net), including 450MW of renewable energy assets.