Partners Group to sell stake in 731.5-MW Borssele III & IV offshore complex

The Borssele III & IV offshore complex. Image by: Van Oord (

September 19 (Renewables Now) - Partners Group (SWX:PGHN) has agreed to offload a 20% stake in the 731.5-MW Borssele III & IV offshore wind complex in Dutch waters, the Swiss investment management company said on Friday.

The interest will be sold on behalf of Partners Group’s clients to Swiss Life Asset Managers for an undisclosed amount. The closing of the transaction is pending customary regulatory approvals.

Real estate asset manager Swiss Life Asset Managers will join co-owners Shell Plc (LON:SHEL), Dutch utility Eneco, Japanese oil and natural gas producer Inpex Corp (TYO:1605) and German renewables investor Luxcara GmbH.

Borssele III & IV went online in January 2021 with 77 V174-9.5 MW turbines. Located about 55 km off the Port of Vlissingen, the complex is generating roughly 3,000 GWh of electricity annually, or enough to cover the consumption of about 825,000 Dutch homes. The project was successful in a tender held in late 2016 and is backed by the country’s feed-in premium scheme.

The Borssele III & IV project was originated by the Blauwwind consortium, which was awarded the 30-year lease to develop, build and operate the wind farm. The tie-up was formed by Diamond Generating Europe, Eneco and Van Oord. Shell and Partners Group joined in 2018.

“Borssele now generates the equivalent of 2.3% of Dutch electricity demand,” said David Daum, Managing Director, Private Infrastructure Europe, Partners Group.

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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