Gothaer invests in Nordergründe

Thursday, 28 January, 2016 - 10:00

While debt funding for the € 410 million offshore wind project Nordergründe had already been arranged in June 2015 by European Investment Bank (EIB) and KfW IPEX Bank, a new co-investor, Gothaer Leben Renewables GmbH, has recently acquired an equity stake in the project.

wpd AG is making final preparations for starting the offshore construction of the offshore wind project Nordergründe. Groundbreaking is set for spring 2016 with the commissioning being scheduled for the end of this year.

“We are very pleased that we have been able to win Gothaer as a renowned and experienced equity investor for Nordergründe”, says Helge Rau, Head of M&A at wpd AG. Besides Gothaer, wpd plans to attract further investors for the project.

wpd is responsible for the construction as well as the operation of the Nordergründe project. A total of 18 Senvion turbines type 6.2M126 will be installed in the estuary of the river Weser. The total capacity of the project is 110.7 MW. Nordergründe will be connected to the grid via a single line connection by North Sea grid operator Tennet.

Katharina Garus / wpd

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