Partners Group, the global private markets investment manager, has agreed to acquire a 45% stake in Borssele III/IV, a 731.5-MW construction-ready offshore wind farm in the Netherlands, on behalf of its clients.
Borssele will comprise 77 9.5-MW Vestas turbines placed across two sites in the Borssele Wind Farm Zone, which is 22 Km off the coast of the province of Zeeland, at the southern border of the Netherlands’ Exclusive Economic Zone.
The investment makes Partners Group the largest shareholder in a consortium of investors that also includes Shell, Diamond Generating Europe, Eneco Group and Van Oord.
Borssele will comprise 77 9.5-MW Vestas turbines placed across two sites in the Borssele Wind Farm Zone, which is 22 Km off the coast of the province of Zeeland, at the southern border of the Netherlands’ Exclusive Economic Zone. Grid connectivity has already been secured for the project, which is due to begin construction in H2 2018. The wind farm will benefit from the Dutch offshore feed-in tariff for a period of 15 years, plus one year from the commencement of commercial operations in early 2021. Once it is fully operational, Borssele is expected to generate about 3 TWh per annum, enough electricity to power approximately 825,000 households.
“Borssele is an attractive opportunity to invest in a high-quality offshore wind project alongside experienced partners, explains David Daum, Senior Vice President, Private Infrastructure Europe, Partners Group. “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.
“Renewable energy continues to be a transformative trend within the infrastructure asset class and an important component in the future energy security of many countries,” adds Brandon Prater, Partner, Head Private Infrastructure Europe, Partners Group In wind energy alone, Partners Group has committed to invest in onshore and offshore projects totaling over 1.8 GW in Europe, Asia, and Australia since 2011.”
Previous onshore wind energy projects include the 240-MW Ararat Wind Farm and 270-MW Sapphire Wind Farm in Australia, into which Partners Group invested in June 2015 and December 2016, respectively. Most recently, in August 2016, Partners Group invested in the construction of Merkur Offshore, an approximately 400-MW offshore wind farm in Germany.
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