GIP sells its stake in the Gode 1 wind farm

Global Infrastructure Partners (GIP) plans to sell 50% of its stake in its Gode 1 offshore wind project. The company is now making the terms for the sale. The project has an energy output of 330 MW and is located in the German North Sea.

There are at least 10 bidders who have expressed interest in the sale, and that the bidding will commence in Dec. 3, 2018.

To prepare for the sale, GIP has selected the following advisers:

• Clifford Chance - legal adviser
• Hengeler Mueller - legal adviser
• Macquarie Capital - financial adviser
• Wood Group - technical adviser