The Merkur Offshore project company said it raised a total of €1.6bn ($1.78bn) and becomes one of the largest project-financed offshore wind developments yet seen in Germany.

Global investment firm Partners Group said it will put more than €250m into the 400MW wind farm in the German North Sea.

With a 50% equity share, Switzerland-based Partners Group leads a consortium of investors in the project that also includes InfraRed Capital Partners, contractor and co-developer Deme, and GE Energy Financial Services.

GE