Ørsted closes 50% stake sale of 900 MW Borkum Riffgrund 3 to Glennmont Partners
Ørsted has completed the 50% divestment of the 900 MW German offshore wind farm Borkum Riffgrund 3 to funds managed by Glennmont Partners.
The project has closed recently the final investment decision (FID) planned for commercial operation in 2025. The wind farm will consist of SG 11.0-200 DD offshore wind turbines supplied by Siemens Gamesa.
The deal is estimated to value about DKK9 billion (US$1.41 billion) and includes the purchase price and a commitment to fund 50% of the payments under the project’s engineering, procurement and construction (EPC) contract.
Country updates
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February 07, 2022
Port of Roenne selected for shipping 250 MW Arcadis Ost 1 foundations
DEME Offshore, EPCI Contractor for the Foundations, has chosen to use the Port of Roenne for shipping the 27 wind turbines and monopiles for the 257 MW Arcadis Ost 1 offshore wind farm in Germany. Th...
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February 03, 2022
Final close achieved for Prime Green Energy Infrastructure Fund
Prime Capital has reached the final close for its sustainable Prime Green Energy Infrastructure Fund (PGEIF) with EUR586 million (US$662.37 million) exceeding the target volume of EUR500 million...
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January 26, 2022
GP JOULE sells 90 MW Klettwitz Nord solar project in Brandenburg
GP JOULE GmbH and its partners are selling its 90 MW solar photovoltaic project in the state of Brandenburg to Wiesbaden-based independent power producer clearvise AG. Klettwitz Nord...
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January 21, 2022
Dutch regulators permit the development of 1.4 GW NeuConnect interconnection project
Dutch authority has awarded a permit for the offshore works of the NeuConnect energy link between the UK and Germany. The NeuConnect interconnector will see over 700 km of subsea cables, forming...
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January 20, 2022
Berenberg launches fourth renewable energy debt fund
Berenberg, a private investment bank, together with BayernInvest Luxembourg S.A. as an alternative investment fund manager, has launched its fourth renewable energy fund, Berenberg Renewable...
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