The Spanish utility Iberdrola has signed an agreement with the Swiss infrastructure investment company Energy Infrastructure Partners (EIP) to sell its 49% stake in the 350 MW Wikinger offshore wind farm, located off Germany’s Baltic coast, in a deal valued at €700m. Iberdrola will still maintain a majority stake of 51% in the wind farm and will continue to control and manage this asset, leading the operations and maintenance services.
The Wikinger wind park, whose total value is estimated at approximately €1.4bn, was commissioned in 2017 in the German Baltic Sea. Iberdrola is currently working on a second major project in the German Baltic Sea, the 476 MW Baltic Eagle offshore wind project, for which the Spanish energy group has achieved the planning approval process in April 2022.
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