Global Infrastructure Partners (GIP) has sold its 50 percent stake in the German offshore wind farm project Borkum Riffgrund 2 to the Thailand-based Gulf Energy Group. Ørsted, global leader in offshore wind and developer of the wind farm, will continue to hold a 50 percent stake in the project.
Hengeler Mueller advised Ørsted on the transaction and has been advising Ørsted on the Borkum Riffgrund 2 project since the development of the wind farm. The team included partners Sebastian Schneider (M&A/Energy, Frankfurt) and Thorsten Mäger (Antitrust, Düsseldorf), counsel Andreas Breier (M&A/Energy, Berlin) and Jörg Meinzenbach (Antitrust, Düsseldorf) as well as associate Georg Tauser (M&A, Frankfurt).
