Germany's Borkum Riffgrund 2 (BKR2) offshore wind farm in the North Sea. Gulf Energy Development acquired the farm in a deal worth more than B19bn. Gulf Energy Development has acquired Germany's Borkum Riffgrund 2 (BKR2) offshore wind farm, worth more than 19 billion baht, in a move to expand its renewable energy business in Asia and Europe this year. GIH acquired GIP's entire shareholding in Frankfurt-based Borkum Riffgrund 2 Investor Holding GmbH, entailing 50% of shares in Borkum Riffgrund 2 Offshore Wind Farm GmbH & Co Ohg, which co-operates the wind farm with the other shareholder, Orsted A/S. Orsted, which has 25 years of experience in the business, generates 6.8 gigawatts from offshore wind farms globally.

Source: Bangkok Post July 07, 2020 23:26 UTC