Singapore-based Keppel Infrastructure Trust and Keppel Renewable Investments Pte. are jointly acquiring a stake of approx. 25 per cent in the German offshore wind farm project Borkum Riffgrund 2 from Gulf International Holding Pte. Ltd., part of Thai Gulf Energy Group. Completion of the transaction is subject to regulatory approvals. Ørsted, global leader in offshore wind and developer of the wind farm, will continue to hold a 50 per cent stake in the project.
Hengeler Mueller advised Ørsted on the transaction and has been advising Ørsted on the Borkum Riffgrund 2 project since the development of the wind farm. The team included partners Sebastian Schneider (M&A/Energy, Frankfurt), Thorsten Mäger (Antitrust, Düsseldorf) and Jan Bonhage (Foreign Investment Control, Berlin), counsel Andreas Breier (M&A/Energy, Berlin) and Jörg Meinzenbach (Antitrust, Düsseldorf) as well as associates Georg Tauser (M&A, Frankfurt) and Anton Petrov (Foreign Investment Control, Berlin).