Acquisition of Karcino

Ørsted Karcino
May 2009
Deal Value:
EUR 162 million
Private auction

Ørsted is one of the leading energy groups in Northern Europe. The company is headquartered in Denmark. The business is based on procuring, producing, distributing and trading in energy and related products in Northern Europe. The company has approximately 6,000 employees and generates DKK 55 billion (EUR 7.3 billion) in revenue in 2010.When fully installed early 2010 the Karcino wind farm will have a capacity of up to 51 MW. The overall construction budget totals around DKK 600 million including Ørsted’s cash purchase price for the shares.
One of Ørsted’s strategic focus areas for offshore wind is Poland and the acquisition of the Karcino project adds to Ørsted’s polish asset base.