Global Infrastructure Partners takes over 50% of Borkum Riffgrund 2

Borkum Riffgrund 2 is a 450 MW offshore wind project in the German North Sea, currently being built by DONG Energy. The transaction requires the approval of the competition authorities and is expected to be completed by the end of the year.

After the acquisition of 50% of the Gode Wind 1 offshore wind farm in 2015, this is already the second joint venture between DONG Energy and GIP.

Samuel Leupold, Executive Vice President and CEO of Wind Power at DONG Energy, said: “We’re pleased to be able to build on the partnership we established with GIP in relation to Gode Wind 1 in 2015. That partnership has been a success for all parties, and we’re committed to ensuring a similar success in relation to Borkum Riffgrund 2.”

Adebayo Ogunlesi, Chairman and Managing Partner of GIP, said: “This second transaction with DONG Energy continues and strengthens our successful partnership. DONG is a recognized leader in the energy sector and the pioneer in the development and operation of offshore wind farms, and this acquisition underscores GIP’s strategy of investing in superior quality projects and developing long-term strategic partnerships with industry leaders.”