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Global Infrastructure Partners (GIP) and wpd (“wpd”) have announced that they have signed definitive agreements for GIP to acquire 100% of wpd offshore GmbH (wpd offshore), the offshore wind business of wpd. The transaction is subject to customary regulatory approvals.
 
wpd offshore’s portfolio includes:
  • Interests in 5 operating and under construction projects in Germany, France and Taiwan
  • 30 GW (gross) global and highly diversified offshore wind pipeline in various stages of development
Post-closing, Achim Berge Olsen, current COO of wpd and responsible for its offshore wind business, will serve as CEO of the business acquired by GIP.
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