StockMarketWire.com - The Renewable Infrastructure Group said it had agreed to acquire a 36% stake in the 396 megawatt Merkur offshore wind farm currently operating in the German North Sea, for an undisclosed sum.

The company had partnered in an acquisition deal with Dutch pension investor APG, which would acquire the remaining 64% of the asset.

The Renewable Infrastructure Group, also known as TRIG, said it had also agreed to to sell-down a share to minority co-investors managed by InfraRed, leaving it with about 25% of the project.

The stakes were being acquired from a consortium including DEME Concessions, GE Energy Financial Services, ADEME and a private fund separately managed by InfraRed.

'The board of TRIG is delighted to announce the company's third offshore wind investment and our second investment in Germany,' chairman Helen Mahy said.

'We are pleased to be growing our presence in the European offshore wind market which is making an increasingly important contribution to the decarbonisation of energy usage.'



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