Zwijndrecht 17 June 2015 – DEME Concessions Wind nv (“DEME”) and the Windreich Group of companies (“Windreich”) announce the close of a joint venture between DEME and Windreich.
Under the terms of the joint venture Windreich contributed the MEG I project rights into Merkur Offshore GmbH, the new project company that will build and operate the project, and which is held by the partners DEME and Windreich. DEME and Windreich also agreed that the project will be renamed and further referred to as Merkur Offshore.
“Today’s announcement underlines our confidence in this project”, noted Alain Bernard, Director and Chief Executive Officer of the DEME group. “We are very pleased with the progress made to date, and look forward to contributing to the success of Merkur Offshore, not only by participating financially but also in terms of applying GeoSea’s expertise in offshore wind construction and installation to this project”.
GeoSea will continue its engagement in the offshore industry and act as general contractor for the installation of Merkur Offshore. Luc Vandenbulcke, Managing Director GeoSea, further added: “This is an important milestone for bringing this project to start construction, which is expected in the first half-year 2016. Since completing our acquisition of Hochtief’s assets earlier this year, GeoSea is well placed to bring Merkur Offshore project through construction”.
