Oct 3, 2019 – Equinor has entered into an agreement to sell a 25% ownership interest in the Arkona offshore wind farm to funds advised by Credit Suisse Energy Infrastructure Partners AG for a total amount of approximately EUR 500 mln.
The Arkona offshore wind farm with a capacity of 385 MW is located in the German part of the Baltic Sea, 35 kilometers northeast of the Rügen island in Germany, southwest of the Danish island of Bornholm. The wind farm consists of 60 6-megawatt turbines that are bottom-fixed at water depths of 23 to 37 meters.
In October 2019, Equinor agreed to sell 25% of its 50% stake in the project to funds advised by Credit Suisse Energy Infrastructure Partners for EUR 500 mln. Equinor entered the Arkona project in April 2016. RWE Renewables (following the takeover of E.ON Climate and Renewables) is another operator with a 50% interest.
Investment for the project exceeded EUR 1.2 bln.
The first power from the wind farm was supplied to the grid in September 2018, and all 60 turbines started generating power in November 2018. The facility was officially opened in April 2019.