Luxcara buys Van Oords share of Blauwwind

4C Offshore | Tom Russell
By: 12/01/2022 Van Oord
Luxcara and Van Oord completed the sale and transfer of Van Oord’s 10% participation in Blauwwind to Luxcara at the end of December 2021. Van Oord and Luxcara engaged in an accelerated transaction process which closed within only two months.

In 2016, the Blauwwind consortium was awarded the concession to design, construct, operate and maintain the
Borssele 3&4 offshore wind farm, located 22 km off the Dutch coast. The project comprises 77 V164-9.5 MW turbines, with a total installed capacity of 731.5 MW, enough to power some 825,000 households.

Van Oord was responsible for the balance of plant works, consisting of the design, engineering, procurement, construction and installation of the foundations and inter-array cables. Construction started in the second half of 2019 and Van Oord completed installation of the 77 foundations in six months during the COVID-19 pandemic. Turbine installation was completed in November 2020.

Alexandra von Bernstorff, Managing Partner of Luxcara, commented: “We are delighted to add the stake in this landmark offshore wind project to our growing portfolio of renewables projects. The deal once again demonstrates our ability to act fast and close transactions with accelerated timelines."

Arnoud Kuis, Managing Director of Offshore Wind at Van Oord, said: ”We are proud to have been part of this consortium and to have been the selected construction partner. Realizing the balance of plant works is an important step in the transition to renewable energy. We are impressed by the speed and professionalism of the Luxcara team and are confident that the asset manager makes a great partner for the Blauwwind consortium.”