The offshore wind facility was commissioned in the fourth quarter of last year. Credit: rsted A\/S. <\/p>\n
Denmark-based power company rsted has signed an agreement to divest a 50% ownership stake in its Borssele One and Two offshore wind farm to Norges Bank Investment Management (NBIM).<\/p>\n
Located 23km off the coast of Zeeland, Netherlands, the 752MW offshore wind facility was commissioned in the fourth quarter of last year.<\/p>\n
The project, which features 94 Siemens Gamesa 8MW wind turbines, is said to be the largest operational facility in the Netherlands and the second-largest operational offshore wind farm in the world.<\/p>\n
The farm is expected to generate enough clean energy to power one million households in the Netherlands a year.<\/p>\n
rsted chief commercial officer and Deputy Group CEO Martin Neubert said: As one of the worlds largest institutional investors, NBIM is making a difference by making sustainable investments.<\/p>\n
Were delighted to welcome NBIM as a partner on Borssele One and Two, a landmark project for the Netherlands transition to renewable energy, and were pleased to support NBIM in their strategy to invest in renewable energy infrastructure assets.<\/p>\n
The 1.357bn($1.612bn) consideration will be paid to rsted upon completion of the transaction, which is expected to take place this yearsubject to regulatory approval.<\/p>\n
It is the first investment made by NBIM in unlisted renewable energy infrastructure.<\/p>\n
NBIM chief real assets officer Mie Holstad said: We are very pleased to partner on Borssele One and Two with rsted, the market leader in offshore wind.<\/p>\n
We are excited to have made our first unlisted investment in renewable energy infrastructure, and we look forward to working alongside rsted on delivering green energy to Dutch households.<\/p>\n
rsted will provide long-term operations and maintenance services for the project from its base at the port of Vlissingen.<\/p>\n
It will also offer balancing services and a long-term route to NBIM to market for the renewable electricity generated by Borssele One and Two.<\/p>\n
In December, rsted signed an agreement to divest a 50% stake in its 605MW Greater Changhua One offshore wind farm in Taiwan to Canada-based investment firm Caisse de dpt et placement du Qubec (CDPQ) and Taiwanese private equity fund Cathay PE.<\/p>\n
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rsted to sell stake in Dutch offshore wind farm to NBIM - Power Technology<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The offshore wind facility was commissioned in the fourth quarter of last year. Credit: rsted A\/S. Denmark-based power company rsted has signed an agreement to divest a 50% ownership stake in its Borssele One and Two offshore wind farm to Norges Bank Investment Management (NBIM). Continue reading