GIP wins the offshore wind business project of German renewable energy project developer wpd. Since its inception wpd offshore wind has developed 7GW of capacity and has started operations in 14 European and Asia Pacific (APAC) markets. The company owns stakes in five operating or under-construction assets located in Germany, France and Taiwan. It also has a development pipeline with a total capacity of over 30GW.

Adebayo Ogunlesi, Chairman and Managing Partner of GIP, said: “We are delighted to announce the acquisition of wpd’s world-class offshore wind business. This investment builds on GIP’s extensive experience in investing in renewable assets and offshore wind projects. As a A highly scalable platform, wpd offshore wind will be able to pursue new projects and opportunities in the high growth offshore wind market and develop it into one of the world's leading offshore wind platforms.

Björn Nullmeyer, chief financial officer of wpd, said: “wpd is one of the pioneers in the offshore wind market, and as part of the wpd group, the offshore wind sector is extremely hot.

GlobalInfrastructurePartners has been on an exciting and successful journey with the wpd offshore wind team and we are delighted that GIP has taken advantage of the unique opportunity to unlock even more potential through plans to build a global offshore wind enterprise. wpd will further strengthen its onshore wind and solar activities in 30 countries including Europe, Asia, Chile and the United States. By the end of 2021, there will be a combined 2,500 MW of wind and solar projects in operation, doubling this number by 2024. "

Editor/XingWentao