John Laing acquires a 30% stake in the 110.7 MW Nordergründe offshore wind project in the German North Sea, marking its first investment in offshore wind energy.

Information on the Target

The Nordergründe project, located in the German North Sea, represents a significant advancement in offshore wind energy. With a capacity of 110.7 MW, this nearshore project encompasses 18 Senvion 6.2 M126 turbines, which were completed in 2017. John Laing, an infrastructure investment firm, holds a 30% stake in this ambitious project, marking its inaugural foray into the offshore wind sector.

Achieving financial close in June 2015, the project was backed with senior debt from the European Investment Bank (EIB), KfW IPEX Bank, and various commercial lenders. Alongside John Laing, other notable stakeholders include wpd AG and Gothaer Leben Renewables GmbH, which hold 30% and 40% stakes, respectively. The successful operation of the Nordergründe project enhances the renewable energy landscape in Germany and reflects a growing investment trend in sustainable energy initiatives.

Industry Overview in Germany

Germany is a leader in renewable energy, with a particular focus on wind and solar power. The country has made significant progress in its energy transition, aiming for a substantial redu