Dong Energy has signed a share purchase agreement under which Dong Energy will buy 100% of the shares in the project company Storrun Vindkraft AB. The project company holds rights for the construction of a 30 MW wind turbine project in Sweden. The project is located approx. 150 km northwest of Östersund in the Municipality of Krokom in Jämtland.
All official approvals and construction permits for the project are in place, but an optimisation of the project framework is needed before an investment decision can be taken in mid-2007. The commissioning of the project is expected at the end of 2008 and the overall capital expenditure will be in the order of some DKK 300 million.
The project company's former owner was Borevind AB, a listed investment company within renewable energy. Borevind will retain an option to buy back 20% of the project company and in addition, Borevind will assist Dong in the continued project design work.
