Heuking Kühn Lüer Wojtek advises Windreich AG on sale of North Sea offshore wind farm "Deutsche Bucht"
Wolfschlugen-based Windreich AG entered into a purchase agreement for its North Sea wind project "Deutsche Bucht" with an Anglo-Saxon financial investment group. At the same time, Windreich concluded service agreements for the subsequent turnkey erection, commissioning and the expected future operation of the wind farm. British Wind Energy GmbH, an affiliate of Windreich Group, will be the future operator of the 210 MW wind farm in the German North Sea. In this connection, Windreich was advised by a team led by Dr. Günther M. Bredow, Partner at Heuking Kühn Lüer Wojtek's Frankfurt office.
The North Sea wind farm "Deutsche Bucht" comprises the construction of 42 Areva Multibrid 5MW wind turbines with a total capacity of 210 MW. Including foundation structures, farm cabling and substation platform, the project is worth over EUR 1 billion. Windreich also coordinates the shipments to the construction site, which is located about 30 kilometers north-west of Windreich's initiated project, Global Tech I, currently under construction. "Deutsche Bucht," like its two predecessor projects Global Tech I and MEG I, has an unconditional grid connection approval from the Federal Network Agency.
Established in 1999, Windreich AG is a project developer in the areas of onshore and offshore wind power plants. With project planning, manufacturing, technical and commercial operations and its own stock and distribution of onshore and offshore equipment, Windreich is one of the pioneers in the offshore wind sector and as market leader has a pipeline of numerous BSH permits for building offshore wind farms. In addition to Deutsche Bucht and Global Tech I, Windreich AG is currently establishing other wind farms in the German North Sea and Baltic Sea, including the MEG I project. According to wind:research, Windreich is the market leader in the German North Sea with its 35 percent of secured areas for offshore wind farms.
