Germany’s $1.8 Billion Offshore Wind Farm Draws Swiss Partners
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The 1.6 billion-euro ($1.8 billion) Merkur offshore wind project in the German North Sea reached financial close with funding from European and U.S. investors.
Switzerland-based Partners Group Holding AG invested 250 million euros for 50 percent of the project, according to a statement on Friday. InfraRed Capital Partners Ltd.’s Infrastructure Fund III committed took a 25 percent stake for 125 million euros. Belgium’s Dredging Environmental & Marine Engineering NV, General Electric Co. and the French Environment and Energy Management Agency also took stakes.