- 396-MW German offshore wind farm development project raises EUR 1.6 billion
- Represents one of the largest project financed offshore wind projects in the country
- Strong equity consortium with Partners Group, InfraRed Capital Partners, DEME and GE
- First large-scale commercial deployment of the GE Haliade 150-6MW turbine
Hamburg (DE) | On behalf of its shareholders, Merkur Offshore GmbH is pleased to announce that the 396-megawatt Merkur offshore wind development project has confirmed financial close. Merkur is a construction-ready wind farm located approximately 45km north of the islands of Borkum, Germany, in the North Sea. It will consist of 66 turbines and once complete will generate approximately 1,750 GWh annually, enough clean energy to power around 500,000 homes. A total capital investment of ca. EUR 1.6 billion was raised from equity investors and bank lenders on a non-recourse project financing basis.
Close to EUR 500 million in equity was provided by a consortium of five sponsors comprising of Partners Group, the global private markets investment manager (with a 50% equity share on behalf of its clients); InfraRed Capital Partners, the infrastructure and real estate investment manager (with a 25% equity share on behalf of its infrastructure investors); DEME Concessions Wind, the infrastructure investment arm of the DEME Group (12.5%); GE Energy Financial Services, the energy investing arm of the industrial company (6.25%); and, L’Agence de l’environnement et de la maîtrise de l’énergie (ADEME), acting in the name and on behalf of the French State (6.25%).
