DONG Energy has entered into an agreement to sell 50% of Borkum Riffgrund 2, a 450MW German offshore wind farm project, to Global Infrastructure Partners (GIP). Borkum Riffgrund 2 is currently under construction and is expected to be fully commissioned in 2019.

The total sales price amounts to approx. € 1,170 million. The price is payable over a period from 2017 until 2019. DONG Energy will construct the wind farm under a full-scope EPC agreement. DONG Energy will also provide long-term operations and maintenance services from its O&M base in Norddeich and provide a route to market for the power production from GIP’s 50% share of Borkum Riffgrund 2.