Germany

Germany

Windreich sells 210MW North Sea project

GERMANY: German wind energy developer, Windreich, has signed a contract to sell its 210MW Deutsche Bucht offshore wind farm to a "well known Anglosaxon financial investor with a sporting background".

The deal is for a three digit million Euro sum, said Windreich owner Willi Balz, who declined to name the investor.

Deutsche Bucht was permitted in 2010 and will use 42 Areva 5MW turbines. It is due to come online in 2015, said Balz. The project is located in the North Sea near Helgoland.

The wind farm’s electricity will be sold at the alternating current stage, before being converted to direct current for transmission to the onshore grid.

"TenneT will be responsible for sorting out the transport, probably via an ‘interim’ arrangement using one of the BorWin cables," said Balz.

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