Greencoat acquires 50% stake in German offshore windfarm

The Borkum Riffgrund 1 offshore windfarm in Germany. It has 78 turbines each generating up to 4GW.

Windfarm operator Greencoat Renewables is to invest €350m in a German offshore windfarm acquiring a 50% stake alongside the developer Orsted.

Borkumm Riffgrund 1 is located in Germany’s economic zone in the North Sea and consists of 78 turbines each generating up to 4GW that have been operational since 2015. Orsted will continue to provide operation, maintenance and management services to the windfarm under a long-term contract.