Thai energy company Gulf Energy Development PCL has entered into an agreement with Gulf International Holding Pte Ltd (GIH), a unit of Global Infrastructure Partners (GIP), for the sale of the 50% stake in the 450 MW Borkum Riffgrund 2 offshore wind farm in the German North Sea.
GIP currently owns 50% of the wind farm while the remaining stakes are held by Ørsted A/S. The deal is amounting to EUR558 million (US$629.14 million).
Borkum Riffgrund 2 Offshore Wind Farm GmbH & Co oHG, the holding company of the project, has started the commercial operation of the wind farm in April 2019. It has a 20-year power purchase deal with Ørsted and receives a guaranteed feed-in tariff (FiT) from the government.
E.on has completed the final step for the full takeover and integration of innogy to the company. Together with RWE, in March 2018 E.ON announced its intention to acquire RWE’s innog...
Read moreSiemens Gamesa Renewable Energy has been awarded the contract to provide service for the Trianel Windpark Borkum II (TWB II) wind project in Germany. The installation of the 32 Senvion 6.3...
Read moreVestas has been contracted a 43 MW order from long-term customer NOTUS energy Plan GmbH & Co. KG, for the Günthersdorf project that will be located in Brandenburg in eastern Germany. Vestas...
Read moreTransmission system operators TenneT and TransnetBW have opted for plastic-insulated 525 kV underground cables since the high-tension cables can transmit more power. Contracts to deliver and lay the u...
Read moreVestas has been awarded a 28 MW repowering order from ecoJoule construct GmbH for the wind project Brest, located in Lower-Saxony in northern Germany. Five V150-5.6 MW turbines from the EnVe...
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