Merkur changes ownership
29 May 2020 - Upstream Costs and Technology | Headline Analysis
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Chloe LeeChloe LeeSenior Research Analyst

The Renewables Infrastructure Group (TRIG) and the Dutch pension investor APG have completed 100% acquisition of the 396 MW Merkur project off Germany.

The Mekur project, located 45 km north of Borkum Island in the German North Sea, comprises of 66 GE Haliade-150 6 MW turbines fully commissioned in June 2019, with a 10-year O&M agreement with GE renewable Energy for the service and maintenance of the turbines.

The Merkur project benefits from a guaranteed Feed-in-Tariff until 2033.