21.11.03

21.11.2003: Meldung: Elsam: Purchase of British offshore wind farm project

Press release

20 November 2003
Elsam purchases British offshore wind farm project

Elsam just entered into an agreement with NEG Micon to purchase an offshore wind farm project at Kentish Flats at the mouth of the Thames in the North Sea. The purchase is subject to the British authorities approving Elsam as the new owner of the project.

The agreement comprises complete delivery, erection and commissioning of 30 offshore wind turbines of 2.75 MW each and a total output of 82.5 MW. In addition, the purchase includes the necessary concession rights and consents. NEG Micon are to be responsible for operation and maintenance during the first years. Total investment is well above 1 billion Danish Kroner.

The offshore wind turbines are of the NEG Micon NM92 type which Elsam already has had the opportunity to test thoroughly in a so-called 0-series erected onshore at different locations in Denmark. The total height of the turbine is 115 m and the blade width is 92 m.

The turbines will be erected according to the technical principles used at Elsam"s offshore windfarm at Horns Rev. The erection of the offshore windfarm will be commenced in the summer of 2004 and commissioning is planned in 2005. Power production from the farm is sold on ordinary market terms in Great Britain.

- The purchase is part of Elsam"s strategy to become an international company by establishing energy plants on a sustainable basis, also beyond the borders of Denmark, says Peter Høstgaard-Jensen, Elsam"s CEO.

Elsam participates actively in the two British tender rounds in which Elsam works determinedly to develop offshore wind power projects with the purpose of developing, owning and operating the plants as a long-term investment.

That also applies to an offshore project with room for 90 turbines at Shell Flat off Blackpool which is made in cooperation with Shell WindEnergy and Celt Power.

- Also in the Kentish Flats project we will be looking positively at a possible cooperation with a major local partner who can provide further synergy for the project, adds Peter Høstgaard-Jensen.

For further information please contact Mr. Peter Høstgaard-Jensen, CEO, phone +45 7622 2002, mobile +45 4010 8871

or

Mr. Hans Buus, Director, Project Development, phone +45 7622 2465, mobile +45 5126 1324
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