DEME Concessions, a DEME Group subsidiary, completed the sale of its 12.5 percent interest in the Merkur offshore wind farm to APG and TRIG.
The consortium comprising of funds managed and/or advised by Partners Group (50 percent), InfraRed Capital Partners (25 percent), DEME Concessions (12.5 precent), GE Energy Financial Services (6.25 percent) and ADEME, acting on behalf of France “Investments for the Future” programme (6.25 percent) successfully completed the selling of 100 percent of Merkur Offshore, one of the largest wind farms in Germany.
The buyers are the Dutch pension investors APG, and The Renewables Infrastructure Group (TRIG).
The deal results in a €62 million capital gain for DEME.
Merkur Offshore is a Hamburg-based company responsible for planning and building a 396‐MW offshore wind farm located at approximately 45 kilometers north of Borkum Island, in the North Sea of Germany.
In June 2019, the project consisting of 66 General Electric (GE) Haliade‐150 6‐MW offshore wind turbines was fully commissioned.
The project benefits from a guaranteed Feed-in-Tariff until 2033 and has a 10-year O&M agreement with GE Renewable Energy for the service and maintenance of the turbines.