Keppel enters German offshore wind alongside Ørsted

Keppel Corporation becomes co-owner of a wind farm in the German North Sea alongside Ørsted and Gulf International Holding in a transaction worth EUR 305m.

Photo: Edgar Su/Reuters/Ritzau Scanpix

Singapore-based marine engineering group Keppel Corporation buys into German offshore wind farm Borkum Riffgrund 2, which is already owned by Thailand’s Gulf International Holding and Denmark’s Ørsted.

Keppel acquires 50.01% of a company co-owned by Gulf International Holding, and which owns half of Borkum Riffgrund 2 together with Ørsted, according to a statement by Keppel.

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