DEME Group completes sale of 12.5% stakes in 396 MW Merkur wind farm project

DEME Group, which through its subsidiary DEME Concessions, has completed the sale of its 12.5% stakes in the 396 MW Merkur wind farm project located approximately 35 km north of the islands of Borkum, Germany, in the North Sea.

The Dutch pension fund APG and The Renewables Infrastructure Group Ltd (TRIG) have now fully taken ownership of the offshore wind farm project. Merkur Offshore GmbH, the operator of the wind farm, will now be owned by APG Asset Management NV (64%) and TRIG (36%).

The project comprising of 66 General Electric Haliade‐150 6‐MW offshore wind turbines was fully commissioned in June 2019. The project benefits from a guaranteed Feed-in-Tariff until 2033 and has a 10-year O&M agreement with GE Renewable Energy for the service and maintenance of the turbines.