Wpd divests its offshore wind business to Global Infrastructure Partners

Global Infrastructure Partners (GIP) and wpd AG announced that they have signed definitive agreements for GIP to acquire 100% of wpd offshore GmbH. The transaction is subject to customary regulatory approvals.

Wpd offshore is an offshore wind platform with over 20 years of development experience, a track record of 7 GW developed to date, and a presence in fourteen European and APAC markets. The wpd offshore team has capabilities across the entire offshore wind value chain, including greenfield development, engineering and design, procurement, financing and construction management.

Wpd offshore’s portfolio includes interests in 5 operating and under construction projects in Germany, France and Taiwan and a 30 GW (gross) global and highly diversified offshore wind pipeline in various stages of development.