Canadian Partner for German Offshore Wind Farm Hohe See

Enbridge Inc. today announced it has acquired an effective 50 percent ownership in the 497-megawatt (MW) Hohe See offshore wind project from EnBW, a German utility, who will retain the remaining interest.

Hohe See is a late design-stage project located in the North Sea, 98 kilometers off the coast of Germany. As co-developer, Enbridge will participate in the construction and operation of the project. Once in service in late 2019, Enbridge's total investment in the project will be $1.7 billion (EUR1.07 billion). The project is expected to be strongly accretive in the first full year of operations. "Offshore wind presents promising large-scale opportunities to increase Enbridge's presence in the renewable power business and is one of our key platforms in... ... More: Official Press Release Enbridge

Keywords:

EnBW, Enbridge, offshore, wind farm, Germany