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    Home > News > Power News > News Article

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    Global Infrastructure Partners to Acquire Wpd Offshore from Wpd


    May 11, 2022 - Marketline - Deals

     

      Deal In Brief

      Global Infrastructure Partners (GIP), an infrastructure investment company, has agreed to acquire 100% stake in WPD Offshore GmbH, an offshore wind energy company, from Wpd AG, a German renewables developer

      WPD offshore is an offshore wind platform with over 20 years of development experience, a track record of ~7 GW developed to date, and a presence in fourteen European and APAC markets. The wpd offshore team has capabilities across the entire offshore wind value chain, including greenfield development, engineering and design, procurement, financing and construction management. wpd offshore's portfolio includes: (A) Interests in five operating and under construction projects in Germany, France and Taiwan. (B) >30 GW (gross) global and highly diversified offshore wind pipeline in various stages of development

      The transaction is subject to customary regulatory approvals.

      Deal Type Private Equity
      Sub-Category Institutional Buy-out (IBO)
      Deal Status Announced: 2022-05-06

      Deal Participants

      Target (Company) WPD offshore GmbH
      Vendor (Company) Wpd AG

      Deal Rationale

      % Acquisition 100%

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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