Global Infrastructure Partners takes over wpd offshore with wind energy

Infrastructure investor Global Infrastructure Partners (GIP) has signed a contract to acquire the offshore renewable energy company wpd, an independent producer of offshore wind energy.

It obtains 100% wpd offshore and the transaction is subject to normal regulatory approvals.

The offshore portfolio includes stakes in five ongoing and under construction projects in Germany, France and Taiwan, and a 30 GW global offshore wind pipeline at various stages of development.

Adebayo Ogunlesi, President and Executive Partner of GIP, said: “We believe that offshore wind, one of the fastest growing segments of renewable energy, will be crucial for carbon-free and energy transition goals.

“This investment is based on GIP’s extensive experience in investing in renewables and offshore wind projects. As a highly scalable platform, wpd offshore will be able to continue with new projects and opportunities in the highly growing offshore wind markets. We look forward to working with the management team that has built this very successful company and developed it into one of the world’s leading offshore wind platforms. ”

According to wpd, its operating wind and solar projects have reached a total of 2,500 MW by the end of 2021 and are expected to double capacity by 2024.

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Elvira Parkinson

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