Equitix announces further expansion into European offshore wind sector

Equitix is pleased to announce its investment into the Gode Wind 1 offshore windfarm, located in the German sector of the North Sea, 45 kilometres from the coast.

The windfarm comprises 55 turbines with a total installed capacity of 330MW and is part of a multi-farm development for Godes 1, 2 and 3, of which the combined renewable energy capacity will be 900MW upon completion.

This investment, Equitix’s 13th offshore windfarm acquisition in Europe, represents a further step forward in its strategic ambitions for growth in Europe, and wider expansion into the offshore wind sector.

With over 1GW of renewable energy generation capacity in Germany alone, Equitix is a major investor in the European renewables market across technologies. Equitix works in partnership with all major utilities and turbine manufacturers across it’s c.6GW offshore wind generation fleet.

Equitix CIO, Achal Bhuwania said:

“Further to our recent home decarbonisation platform acquisition in Germany, and renewable hybridisation platform in Spain, our investment in Gode demonstrates our continued commitment to supporting the green transition and delivering net zero across Europe. This investment with our existing partners (Orsted & TRIG) demonstrates our commitment to build deeper, long-lasting relationships.”

Equitix was advised by Orrick (Legal services), Everoze (Technical) and PwC (Accounting and Tax) and Lockton (Insurance).

Congratulations to our team and all our partners on this transaction.