DEME Concessions, a subsidiary of the DEME Group, completes the sale of its stake (12.5%) in the Merkur Offshore Wind Farm.

DEME Announces Sale of 12,5% Interest in Merkur Offshore Wind Farm To APG and TRIG

The consortium comprising of funds managed and/or advised by Partners Group (50%), InfraRed Capital Partners (25%), DEME Concessions (12.5%), GE Energy Financial Services (6.25%) and ADEME, acting on behalf of France “Investments for the Future” programme (6.25%) has successfully completed on 12 May 2020 the sale of 100% of Merkur Offshore GmbH, one of the largest operational wind farms in Germany, to APG, the Dutch pension investor and The Renewables Infrastructure Group Limited (“TRIG”) , the FTSE 250 London‐listed investment company advised by InfraRed Capital Partners.

The transaction leads to a capital gain of €62 mio for DEME.

Merkur Offshore GmbH is a Hamburg‐based company which has been responsible for the planning and construction of a 396‐MW offshore wind farm located c. 45 kilometres north of Borkum Island in the German North Sea. The project comprising of 66 General Electric (“GE”) Haliade‐150 6‐MW offshore wind turbines was fully commissioned in June 2019. The project benefits from a guaranteed Feed-in-Tariff until 2033 and has a 10-year O&M agreement with GE Renewable Energy for the service and maintenance of the turbines.

Source: DEME