Published: 13 February 2019 13 February 2019
The international consortium comprising Commerz Real AG, Ingka Group, KGAL Group and wpd invest on have acquired an 80% stake in the Veja Mate offshore wind farm.
Together with the existing project financing taken up by Veja Mate offshore wind farm, the transaction volume for the Veja Mate project totals approx. € 2.3 billion. The sellers are the project developers and owners to date, Highland Group Holdings, Copenhagen Infrastructure Partners and Siemens Financial Services. Siemens will retain a 20% stake in Veja Mate and Siemens Gamesa Renewable Energy will continue to provide technical assistance under a full-service agreement. Located circa 95 km northwest of the island of Borkum, Veja Mate has a total installed capacity of 402MW and it comprises 67 Siemens wind turbine generators of 6 MW each and has been operational since 2017.