Partners Group leads investment in German wind farm
August 15, 2016
A transatlantic consortium led by Partners Group has closed a €1.6 billion funding for the Merkur Offshore wind farm, a 400 MW project about 30 miles from the German coast in the North Sea expected to provide power for half a million homes.
Switzerland-based Partners Group will invest over €250 million to acquire a 50% equity stake, with London-based InfraRed Capital Partners taking a 25% stake for a reported €125 million. American infrastructure investor GE Energy Financial Services, a subsidiary of GE (NYSE: GE), also participated in the round, as did Belgium's DEME Group and ADEME, a cleantech-focused subsidiary of the French government. The project will comprise 66 wind turbines designed by GE and is scheduled for completion in March 2019, part of Germany's ongoing shift toward renewable energy.
Partners Group is an active investor in both wind and solar energy. PitchBook Platform users can check out all of its past investments right here.