Dong Energy has agreed to divest its Danish onshore wind business to Danish pension fund PFA and energy firm SE, valued at around DKK 760m (€102m).
The transaction includes the sale of 272 wind turbines, located at around 80 different sites in the country, with a total installed capacity of 196MW.
Commenting on the agreement, Dong Energy CEO Henrik Poulsen said that the company is moving forward in its strategy and financial action plan, with the agreement to offload its onshore wind business.
"Going forward our competences and capital will be deployed in offshore wind where we have a strong and differentiated competitive platform," added Poulsen.
According to the company, the sale also includes a 23MW early stage development project and the business includes a Danish organization consisting of around 18 employees, who will be employed by the purchasing company.
The transaction is slated for completion later in 2013, following an approval by the Danish competition authorities.