EnergyWatch

E.on and pension fund in million-dollar dispute over US wind farm

German energy company E.on and Danish pension fund PensionDanmark are suing a US energy company for USD 300 million in a complicated and unusual case over a Texan wind farm owned by the European players.

USD 300 million. That is how much Danish pension fund PensionDanmark and German energy company E.on are claiming from the US state-owned energy company Lower Colorado River Authority (LCRA) headquartered in Austin, Texas.

The reason is that the US company canceled an electricity supply deal for the 200 MW Papalote Creek II wind farm, which is 50/50 owned by Pension Danmark and E.on, with the latter serving as operator.

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