Enbridge Wins EnBW Hohe See Stake Auction?

Canadian energy company Enbridge has emerged victorious from the auction for a 49.9% stake in the 497MW EnBW Hohe See offshore wind farm, Reuters cited a source familiar with the matter as saying.

The wind farm is being developed by the German energy company EnBW, which said that finding a co-investor was one of the pre-requisites for the company to make the final investment decision on the EUR 2 billion project by the end of the year.

Apart from Enbridge, Australia’s Macquarie was bidding on the stake, sources told Reuters.

This is the third offshore wind-related project for Enbridge in Europe.

Last year, Enbridge acquired a 24.9% interest in Rampion Offshore Wind Limited, the developer of the UK Rampion offshore wind farm, and in May 2016 the company agreed to buy a 50% interest in Éolien Maritime France SAS (EMF), a developer of three large-scale offshore wind farms off the coast of France that will have a combined capacity of 1,428MW. The remaining 50% stake in EMF is held by EDF Energies Nouvelles.

EnBW Hohe See is located 90km from shore in the German Exclusive Economic Zone (EEZ), in close proximity to the BARD and Global Tech I wind farms.

Siemens is in charge of the supply and installation of 71 foundations and Siemens 7MW turbines at the site.

EnBW awarded contracts for the inter-array cabling to VBMS GmbH, and for the offshore substation to a consortium of Cofely Fabricom NV, Iemants NV and CG Holdings Belgium NV.