Tuesday, 8 August 2017

DONG ENERGY AND GLOBAL INFRASTRUCTURE PARTNERS TO FORM 50/50 PARTNERSHIP TO BUILD GERMAN OFFSHORE WIND FARM BORKUM RIFFGRUND 2

New York, Aug 8 (Bernama-GLOBE NEWSWIRE) -- DONG Energy, one of Northern Europe’s leading energy groups, and Global Infrastructure Partners (GIP), a leading independent global infrastructure investor, jointly announced today that Global Infrastructure Partners III (GIP III), a fund managed by GIP, has entered into an agreement to acquire a 50% stake in the Borkum Riffgrund 2 Offshore Wind Farm project from DONG Energy for a total consideration of approximately EUR 1,170 million.

Borkum Riffgrund 2 is a 450MW offshore wind project in the German North Sea, currently being constructed by DONG Energy. DONG Energy will provide a full-scope EPC (engineering, procurement and construction) contract for the construction of the project. In addition, DONG Energy will provide operation and maintenance services and a route to market for the power production.

http://mrem.bernama.com/viewsm.php?idm=29762

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