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Copenhagen Infrastructure Partners – Sale of offshore wind portfolio in Germany

Laidlaw Capital Group, Copenhagen Infrastructure Partners (CIP) and Siemens Financial Services have closed the sale of 80% stake in the 402MW Veja Mate offshore wind farm in the German North Sea. A consortium comprising Commerz Real, IKEA subsidiary Ingka Group, KGAL and WPD Invest has acquired the majority shareholding for an enterprise value of EUR 2.3bn. Siemens Financial Services will retain a 20% stake in the asset, while Laidlaw and CIP are 100% divested.