Merkur Offshore Wind Farm to Change Hands

The Renewables Infrastructure Group Limited (TRIG) and the Dutch pension investor APG have signed an agreement to acquire 100% of Merkur Offshore GmbH, the owner and operator of the 396MW Merkur offshore wind farm in the German North Sea.

The two investors signed the agreement with a consortium comprising of funds managed and/or advised by Partners Group (50%), InfraRed Capital Partners (25%), DEME Concessions (12.5%), GE Energy Financial Services (6.25%) and ADEME, acting on behalf of France “Investments for the Future” programme (6.25%).

Merkur Offshore GmbH is a Hamburg-based company which has been responsible for the planning and construction of the Merkur offshore wind farm located some 45 kilometres north of the Borkum Island.

The project, comprising of 66 General Electric (GE) Haliade-150 6MW offshore wind turbines was fully commissioned in June 2019. The project benefits from a guaranteed Feed-in-Tariff until 2033 and has a 10-year O&M agreement with GE Renewable Energy for the service and maintenance of the turbines.

The transaction is subject to customary regulatory approvals and consent from lenders, and is expected to close in the first half of 2020.