Merkur gets new owners

In: Windfarms
APG (the Dutch pension investor) and London listed investment company the Renewables Infrastructure Group Limited (TRIG), advised by InfraRed Capital Partners, have completed the acquisition of Merkur Offshore GmbH.

Merkur Offshore GmbH is a Hamburg based company which has been responsible for the planning and construction of the
Merkur offshore wind farm located 45 kilometres north of Borkum Island in the German North Sea. The project was sold by a consortium of Partners Group (50%), InfraRed Capital Partners (25%), DEME Concessions (12.5%), GE Energy Financial Services (6.25%) and ADEME. The acquisition was completed on 12 May 2020.

Merkur is a 396 MW project, which produced first power at the beginning of June. The project is located about 35 km north of the island of Borkum in the German North Sea. It features 66 GE Haliade 160-6MW turbines, the last of which was installed in September 2018. The array is expected to generate enough green energy to supply approximately 500,000 households per year. It is also the largest German project to finish construction.

GE Renewable Energy is supporting turbine Operations & Maintenance (O&M) under a 10-year service agreement. The project is supported by a Feed-in-Tariff for the next 13.5 years (until June 2033), followed by a floor price for a further 6 years.

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