Partners Group has agreed to acquire a 45% stake in a 731.5MW offshore windfarm in the Netherlands.
With the acquisition, the Swiss private markets investment manager becomes the leading shareholder in the Blauwwind consortium, which also includes Shell, Diamond Generating Europe, Eneco Group and Van Oord.
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By GlobalDataThe Borssele III/IV project will feature 77 of Vestas’ 9.5MW turbines installed across two sites in the Borssele Windfarm Zone, which is 22km off the coast of the province of Zeeland at the southern border of the Netherlands’ Exclusive Economic Zone.
Construction is expected to begin later this year, with plans to begin commercial operations in early 2021.
When operational, Borssele is expected to generate more than 3TWh of renewable electricity, which will be enough to supply around 825,000 households every year.
Partners Group Private Infrastructure Europe senior vice-president David Daum said: “Borssele is an attractive opportunity to invest in a high-quality offshore wind project alongside experienced partners.
“With the Dutch Government committed to achieving 16% of its energy production from sustainable sources by 2023 as part of a National Renewable Energy Action Plan, we believe the project is both timely and critical in helping the country achieve that aim.”
Partners Group has committed to invest in onshore and offshore projects totalling more than 1.8GW in Europe, Asia and Australia since 2011.
The company invested in two Australian onshore wind energy projects, including 240MW Ararat Windfarm and 270MW Sapphire Windfarm, in June 2015 and December 2016, respectively.
In August 2016, Partners Group invested in the construction of 400MW Merkur Offshore windfarm in Germany.