US investment fund GIP takes over WDP’s 1.9 GW offshore wind projects in Romania
US infrastructure investment fund Global Infrastructure Partners (GIP), with assets of around USD 81 bln, took over the offshore wind projects division of the German group WPD, including the projects in Romania, Profit.ro reported.
WPD is preparing the construction of two offshore wind farms in Romania, with a total capacity of 1.9 GW.
GIP has signed an agreement to acquire 100% of the shares of the WPD Offshore division, whose portfolio includes stakes in five projects in operation and under construction in Germany, France and Taiwan, as well as over 30 GW in offshore wind projects in various stages.
At the beginning of the year, WPD Offshore announced that it had become the first company in Romania to officially apply for the development of wind energy projects in the Black Sea.
Thus, the German group founded the companies WPD Offshore Black Sea 1 and WPD Offshore Black Sea 2. The Black Sea 1 (500 MW) and the Black Sea 2 (approximately 1.4 GW) projects are to be developed and built off the Black Sea coast.