Keppel Buys Stake in 465 MW Offshore Wind Farm in Germany for $314 Million
The offshore wind farm holds a 20-year PPA and a 20-year O&M agreement until 2038
August 12, 2022
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Singapore-based Keppel Corporation and the trustee manager of Keppel Infrastructure Trust (KIT), Keppel Infrastructure Fund Management (KIFM), announced a joint investment of €305 million (~$314 million) to acquire a 50.01% stake in a special purpose vehicle (SPV) holding 50% of the equity in a 465 MW offshore wind farm in Germany.