Page 15 - AsiaElec Week 19 2022

AsiaElec RENEWABLES AsiaElec

wpd to sell offshore

wind business to Global

Infrastructure Partners

ASIA US-BASED investor Global Infrastructure Part- serve as CEO of the business acquired by GIP.
ners (GIP) will purchase 100% of wpd offshore Björn Nullmeyer, wpd’s chief financial officer,
GmbH, the offshore wind business of Germany’s said: “wpd was one of the early movers in the off-
wpd. The sum was undisclosed. The German shore wind market and the offshore unit pros-
company also says it will double its onshore wind pered very well as part of wpd group. We … are
and solar operations by 2045. delighted that GIP is taking a unique opportu-
wpd, one of the pioneers of offshore wind, nity to unlock further potential with the plan to
develops and operates offshore and onshore build up a global offshore wind player.”
wind projects and solar parks and is actively He continued: wpd AG will further
engaged in 30 countries in Europe, Asia, South strengthen its onshore wind and solar activi-
America and the US. ties in 30 countries in Europe, Asia, Chile and
The German company has already installed the US. Our operating wind and solar projects
wind energy projects with an output of 5.62 totalled 2,500 MW by end of 2021 and we will
GW and is planning further projects with a total double this volume by 2024.”
of 13.9 GW wind onshore and 2.3 GWp solar Adebayo Ogunlesi, chairman and managing
energy. partner of GIP, said: “We believe offshore wind,
GIP is a leading independent infrastructure one of the fastest growing renewables segments,
fund manager that makes equity and debt invest- will be critical to the net-zero carbon targets and
ments in infrastructure assets and businesses. energy transition goals. “
wpd describes its offshore team as having He added: “As a highly scalable platform, wpd
capabilities across the entire offshore wind value offshore will be able to pursue new projects and
chain, including greenfield development, engi- opportunities in high growth offshore wind mar-
neering and design, procurement, financing and kets. We look forward to working with the man-
construction management. agement team that has built this very successful
After the deal has closed, Achim Berge Olsen, business and developing it into one of the leading
current chief operating officer of wpd and offshore wind platforms in the world.”™
responsible for its offshore wind business, will

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