- Published: 12 August 2016 12 August 2016
Vattenfall has acquired a wind development project consisting of up to 79 turbines in the German North Sea. The Global Tech II wind project is located in the German North Sea some 85 kilometres north of the island of Borkum.
The project is currently under development with up to 79 wind turbines in an area of 47 square kilometres. The Global Tech II project is owned by Northern Energy Global Tech II, which Vattenfall has acquired as of 5 August. The seller is Erste Nordsee-Offshore-Holding, a joint subsidiary of Austrian STRABAG SE and indirecly Etanax GmbH. The parties have agreed to not disclose the purchase price. The realization of the project depends on obtaining a capacity contract in the tendering process whth the first auction in March 2017 and the second auction in March 2018.