Wpd did not disclose the size of EWZ’s stake in the €1.3bn($1.77bn) project some 32km west of the island of Sylt is. But EWZ said it isbuying 49% of Wpd’s 10% participation in the Butendiek project company.
Butendiek’s project company is financing a third of theproject’s overall costs, while a consortium of banks is financing the remaindervia senior debt.
“The EWZ participation is a further favourable signal forthe offshore wind sector in Germany,” says Wpd chief executive Gernot Blanke.
“We
