WindMW GmbH (“WindMW”), a joint-venture of Blackstone Energy Partners,
Blackstone’s (NYSE:BX) energy-focused private equity business, and
Windland Energieerzeugungs GmbH, today announced the completion of
Meerwind Süd │Ost, a 288 Megawatt (MW) offshore wind farm located in the
German North Sea.
Within the last day, WindMW installed its 80th and final
offshore turbine and completed the installation of Meerwind’s
3,500-tonne offshore converter substation. Construction of Meerwind
began in 2012 and was completed on schedule within 18 months.
Jens Assheuer, CEO of WindMW said: “I would like to thank the project’s
investors, staff, suppliers and other stakeholders for their significant
commitment and support. The completion of the project on schedule and at
the highest quality standards is a result of the contributions of all
parties involved.”
The 288 MW project will produce enough clean power to service
approximately 360,000 households and will help Germany eliminate
approximately one million tons of carbon emissions per year. Meerwind
was the first German offshore wind project to be fully financed by
private investors, was the largest German offshore wind farm to achieve
a full financial closing, and was the first to close under Germany’s KfW
financing program, which is focused on helping Germany meet its
renewable energy targets by providing debt financing to greenfield
energy projects.
Sean Klimczak, Senior Managing Director at Blackstone said: “We are very
pleased to have reached this important project milestone,
bringing Germany one step closer to meeting its green energy targets.
Together with our partners, we would like to thank our suppliers and
their hard-working teams for their efforts to make our project vision a
reality."
A total of EUR 1.2 billion was invested in the construction of the wind
farm Meerwind Süd│Ost, which is situated 23 kilometers north of
Helgoland, Germany.
About Blackstone Energy Partners:
Blackstone Energy Partners is Blackstone’s energy-focused private equity
business, with a successful record built on Blackstone’s industry
expertise and partnerships with exceptional management teams. Since its
founding in 2012, Blackstone Energy Partners has invested more than $6.6
billion of equity across 18 transactions globally, which range from oil
and gas to renewables, natural resources, and power generation.
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