Climate Changed
Enbridge Is Said to Seek Partial Sale of German Wind Farm Stake
- Canadian funds Brookfield, CDPQ said to be interested
- Hohe See wind farm under construction in German North Sea
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Pipeline company Enbridge Inc. is seeking to cut its stake in a German offshore wind project, according to people familiar with the matter.
The Canadian energy company is selling half its 50 percent share in the Hohe See offshore wind farm being developed with utility Energie Baden-Wuerttemberg AG, said the people, who asked not to be identified because they aren’t authorized to speak publicly. Enbridge had said last year when it acquired the stake it would invest C$1.7 billion ($1.3 billion).