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DEME to develop MEG I offshore wind farm

By: Chris Anderson 31/03/2015 Deme

General Windfarms

DEME to develop MEG I offshore wind farm in partnership

Last Thursday, 26 March 2015, DEME Concessions entered into a partnership with Nordsee Offshore MEG I GmbH to co-develop the MEG I offshore wind farm in the German North Sea.

MEG I will be one of Germany’s largest offshore wind farms and is located in the German Bight, approximately 45 km north of Borkum. This 400MW project will provide renewable energy to over one million people and realises a reduction of 1.5 million tons of CO2 emissions every year.

The project has suffered set backs ever since Windreich GmbH had submitted to the Local Court in Esslingen an application for self-administered insolvency back in 2013. The impact on the project was to create huge uncertainty as MEG 1 was essentially the key asset in the insolvency process of Windreich.

Windreich managed to limp on despite the insolvency and secured an extension of the deadline for the start of construction for its MEG 1 offshore wind project until 26th February 2016. The original approval was issued in 2009 when the original deadline was set for 30 April 2014.

DEME will participate in the further development of the wind farm until financial close. Afterwards, DEME will be involved in the construction and maintenance of the wind farm and its long term funding.

About DEME Concessions
DEME Concessions is a subsidiary of DEME. DEME Concessions regroups all concessions of the DEME group in the field of dredging and land reclamation, offshore wind energy, wave and tidal energy and offshore mineral resources. DEME’s core business of dredging and land reclamation is supplemented by activities such as: complex hydraulic projects at sea, services to oil and gas firms, the installation of offshore wind farms, environmental activities such as soil remediation and sediment recycling, revalidation of brownfield sites and wreck clearance.

The DEME Group owns fleets for dredging and hydraulic engineering activities. Active since 1852, DEME employs 4,600 people worldwide and realised a turnover of EUR 2.58 billion in 2014.

To view the project on the 4C interactive map click here and zoom in for details and vessels in the area

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DEME to develop MEG I offshore wind farm

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