China Three Gorges Corp is buying Blackstone Energy Partners majority interest in the WindMW joint-venture 288MW Meerwind Sud/Ost offshore wind farm in German North Sea.
The terms of the transaction have not been disclosed.
The Meerwind’s management team, led by chief executive officer Jens Assheuer, will continue to operate the business under China Three Gorges ownership.
The project was fully commissioned in February 2015.
Jefferies, PJT Partners and Bank of America Merrill Lynch acted as financial advisors to Blackstone, while Gleiss Lutz was legal advisor.
Image: Meerwind (WindMW)
