Thai company takes 50% stake in Borkum Riffgrund 2 offshore wind project

The Thailand-based Gulf Energy Development Public Company has acquired a 50% interest in the Borkum Riffgrund 2 offshore wind farm in Germany.

The company acquired 100% shares of Borkum Riffgrund 2 Investor Holding (BKR2) through its subsidiary Gulf International Holding (GIH) which entered into a share purchasing agreement with Global Infrastructure Partners (GIP).

The contract came into effect on 3 July. The remaining 50% is held by Ørsted.

“The Company foresees the potential of the BKR2 Project, which is consistent with the Company’s strategy to expand its renewable energy business overseas, and the transaction will allow the Company to enter into to a strategic partnership with the global market leader in offshore wind like Ørsted,” Gulf writes.

Located 56km off the coast of Lower Saxony, Borkum Riffgrund 2 consists of 56 MHI Vestas V164-8.3 MW turbines with two different types of foundations – monopiles with bolted transition pieces and suction bucket jackets.

The 450 MW offshore wind farm was fully commissioned in November 2018 and officially inaugurated in June 2019.