The
orders
indicate
a
healthy
level
of
confidence
in
grid
operator
TenneT
and
the
German
government,
which
is
struggling
to
contain
the
creeping
reputational
damage
done
to
its
emerging
offshore
wind
sector
by
connection
delays
over
the
past
year.
WindMW,
the
project
company
behind
Meerwind,
is
80%
owned
by
US
private-equity
giant
Blackstone,
with
the
remainder
held
by
German
developer
Windland
Energieerzeugungs.
Blackstone
also
owns
Germany’s
Nördlicher
Grund
project,
which
is
not
slated
to
enter
construction
until
2016.
Last
summer
Meerwind
became
the
first
major
German
project
to
reach
financial
close
on
a
purely
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