EnBW sells shares of the offshore wind farm Baltic 2

Friday, 9 January, 2015 - 10:00
The ferry port in Sassnitz (Fährhafen Sassnitz) is currently being used as a base of operations for constructing the offshore wind farm EnBW Baltic 2. (Photo: Fährhafen Sassnitz)
The ferry port in Sassnitz (Fährhafen Sassnitz) is currently being used as a base of operations for constructing the offshore wind farm EnBW Baltic 2. (Photo: Fährhafen Sassnitz)

EnBW Energie Baden-Württemberg AG has sold a 49.89% stake in the German offshore wind farm EnBW Baltic 2 to the Australian investment company Macquarie Capital for € 720 million.

EnBW Energie Baden-Württemberg AG has sold 49.89% of its shares in the German offshore wind farm EnBW Baltic 2. The buyer is the Australian financial investor Macquarie Capital, which is active in the areas of principal investments, consultation and capital raising services. The Australians are investing € 720 million. The shares are expected to be transferred to Macquarie Capital in the summer as soon as the antitrust authorities give their approval and the offshore wind farm is fully commissioned. The commercial law firm CMS Hasche Sigle provided consultation to EnBW on the transaction.

"This is the second participation model that we have successfully implemented in the area of offshore wind," EnBW's CFO Thomas Kusterer said. "EnBW is using the instrument of investment models to achieve additional financial flexibility to carry out further growth projects." In 2010, EnBW put the offshore wind farm EnBW Baltic 1 into operation and offered a participation model. A total of 19 municipal utilities now hold stakes of 49.9%.

The first turbines of the EnBW Baltic 2 wind farms are expected to begin feeding electricity into the grid during the coming weeks. The wind farm is scheduled to be fully operational in spring 2015. The 80 wind turbines will have a total capacity of 288 MW.

Katharina Garus

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