Switzerland-headquartered Partners Group has agreed to sell a 20 per cent stake in the 731.5 MW Borssele III & IV offshore wind farm to Swiss Life Asset Managers on behalf of its investors.
Borssele is a fully operational offshore wind farm located 55 kilometres from the Port of Vlissingen in the Netherlands.
The wind farm is comprised of 77 turbines and benefits from a feed-in premium regime, which provides highly visible, long-term contracted cashflows, Partners Group said.
The project began operations in 2021 and is designed to generate 3,000 GWh of energy annually, which is enough to power approximately 825,000 Dutch households.
Partners Group acquired 45 per cent of Borsselle III & IV in 2018 as part of its thematic approach to investing in infrastructure assets that benefit from decarbonisation trends. During its holding period, Partners Group said it has transformed the project by implementing several value creation initiatives, alongside other shareholders.
“ Through our thematic investing approach, we identified offshore wind at the right time as a key contributor towards achieving global net-zero goals in a high growth market”, said David Daum , managing director of Private Infrastructure Europe at Partners Group.
“We invested in Borssele before construction had started, contributed to the set-up of an independent organisation to handle daily operations, and guided the project through difficult conditions during the COVID pandemic to full operational status.”
Borssele’s other shareholders are Shell, Eneco, INPEX, and Luxcara.