Dong Energy will continue to be A2SEA’s main shareholder.
Siemens is paying for the stake in two installments this year and next. The deal is expected to close in the fourth quarter.
“With our investment in A2SEA, we are showing our clear commitment to strengthening the future of the offshore wind industry,” said Wolfgang Dehen, the chief of Siemens Energy Sector. “It is our aim to foster the industrialisation of offshore wind power.