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Renewable Energy

DONG Energy A/S signs GBP 250m loan facility for London Array

July 5, 2010 · WoREA Editorial Team · World of Renewables
londonarray 276062594

Construction of the London Array offshore wind farm.

DONG Energy A/S has today signed a GBP 250 million loan facility with European Investment Bank intermediated by a leading international bank.

The loan is related to the construction of the London Array offshore wind farm and can be drawn throughout the construction period. The financing is in line with DONG Energy’s strategy to diversify its funding on various loan types and to fund projects out of the parent company.

The content of this announcement does not alter the previously announced expectations for DONG Energy’s financial result for 2010 or the announced expected level of investments.

For further information, contact:

Media Relations
Ulrik Frøhlke
+45 9955 9560

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 have approximately 6,000 employees and generated just under DKK 50 billion (EUR 6.6 billion) in revenue in 2009. For further information, see www.dongenergy.com.