LTA - Borkum Riffgrund 2 Offshore Windfarm


Acting as lead manager Talanx is financing a further offshore wind farm.

Hamburg. Already in May 2017, ONP Management GmbH was mandated by Talanx as Lenders Technical Advisor for the project Borkum Riffgrund 2. Borkum Riffgrund 2 comprises the construction of 56 wind turbines with a combined output of 450 megawatts. As lead manager of the transaction, Talanx has successfully coordinated a double-digit group of institutional investors ranging from six countries across Europe. Supported by ONP acting as the Lenders Technical Advisor Talanx has coordinated EUR 832 million of senior bond financing to the Borkum Riffgrund 2 offshore wind farm which enabled Global Infrastructure Partners (GIP) to acquire a 50 percent share in the wind farm owned by Danish energy supplier Ørsted (formerly DONG Energy), with a transaction volume of EUR 1,170 million. The bond has a maturity of 10 years.

In addition to German insurance companies and asset managers, further institutional partners include banks and European institutional investors, amongst them: DekaBank, Edmond de Rothschild AM’s BRIDGE platform, La Banque Postale Asset Management, NN Investment Partners and Wiener Städtische Versicherung.

DolWin Gamma

ACDC Converterstation DolWin-3 during installation, Offshore Windfarm Borkum Riffgrund 1 in the background

Suction Bucket Jacket

Installation of the Suction Bucket Jacket prototype on Borkum Riffgrund 1
(Source: Orsted)


Neighboring Offshore Windfarm Borkum Riffgrund 1

Headquartered in Denmark, Orsted employs more than 5,600 people worldwide. Orsted shares are listed in Nasdaq-Copenhagen (Orsted). In 2016, the company generated sales of 8.2 billion Euros. In Orsted's offshore wind farm Borkum Riffgrund 1, an innovative foundation technology using a three-legged "Suction Bucket Jacket" was tested which is now being used at Borkum Riffgrund 2 on a larger scale in addition to the proven monopile foundation technology. GIP is a leading global, independent infrastructure investor that invests in energy, transportation and water / wastewater and currently manages approximately $ 43.4 billion for its investors. GIP's portfolio includes companies with annual revenues of over $ 35.1 billion and approximately 47,100 employees.