EnBW Sells Offshore Wind Stake to Macquarie for $853 Million

(Bloomberg) — EnBW Energie Baden-Wuerttemberg AG sold its
stake in an offshore wind farm in the German Baltic Sea to a
unit of Macquarie Group Ltd. for about 720 million euros ($853
million).

EnBW sold 49.89 percent of its shares in the Baltic 2
facility that’s currently being built to Macquarie Capital, the
Karlsruhe-based company said today in a statement on its
website. The project is expected to be fully operational in the
first half with 80 turbines and a total capacity of 288
megawatts. It will produce enough power for about 340,000 homes.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Ana Monteiro, Randall Hackley

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