COPENHAGEN, Dec 21 (Reuters) - Danish utility and wind farm developer DONG Energy raised its full-year earnings forecast on Wednesday and announced the sale of a stake in its UK offshore wind farm.
The company increased its forecast for earnings before interest, tax, depreciation and amortisation (EBITDA) to 24-25 billion Danish crowns ($3.37-$3.51 billion) from 20-23 billion previously, and estimated gross investment would be in the lower end of a 18-21 billion range.
DONG said the profit from selling 50 percent of its Race Bank wind farm in Britain would amount to 1.6 billion pounds ($2 billion).
($1 = 7.1278 Danish crowns)
$1 = 0.8079 pounds Reporting by Nikolaj Skydsgaard; Editing by Mark Potter