Globaleye Ventures AG has acquired a 26% stake in the 400 MW Global Tech I Offshore Wind Farm in Germany, bolstering its investment in renewable energy.

Target Information

Globaleye Ventures AG has successfully acquired a 26% share in Global Tech I Offshore Wind GmbH, based in Hamburg, Germany. Global Tech I is recognized as the fourth-largest offshore wind farm in Germany, boasting a total capacity of 400 megawatts (MW). The facility, which began operating in 2015, was constructed with an investment of approximately 1.2 billion EUR.

Operating from its headquarters in Hamburg, Global Tech I Offshore Wind GmbH oversees the functioning of this major wind farm. The company manages both business operations and technical processes from its urban center, ensuring smooth operational monitoring, network management, and weather observation via a dedicated control center. A workforce of around 100 individuals supports the wind farm's operational needs, with a specialized offshore team comprising 30 members.

Industry Overview in Germany

Germany stands at the forefront of renewable energy in Europe, particularly in the offshore wind sector. With ambitious energy transition goals, the nation aims to significantly increase its renewable energy capacities, ta