Switzerland-based companies EWZ and Fontavis have acquired 25% stake in the 203-MW Trianel Borkum II offshore wind farm in the North Sea.
EWZ and Fontavis have acquired the stake from Trianel. Previously, as we reported in early December, EWE AG committed to the project taking a 37.5% stake, with Trianel GmbH holding a similar interest. Further details on the transaction have not been released.
The first phase of the Trianel Borkum II offshore wind farm comprises 40 pieces of Areva wind turbines. The second phase of the scheme involves the installation of 32 units of 6.3-MW wind turbines provided by Senvion. The project is located 45 km north of the island Borkum in the German North Sea.
The estimated investment for the projects reaches €1 billion (US$1.054 billion).
Construction work is scheduled to start in the spring of 2018 and commissioning is planned for the end of 2019.