First WTG generates renewable energy 95 kilometers from the island of Borkum
Veja Mate Offshore Wind Farm has reached an important milestone. In just 18 months after financial close, the first Siemens 6MW wind turbine has started supplying the German electricity grid with green, renewable energy two months ahead of schedule.
Another 66 WTGs will be installed and commissioned with an expected completion in mid-2017. WTGs are being loaded out at the Port of Esbjerg in Denmark and installed by Siemens using two vessels – Fred Olsen´s Windcarrier and Seajacks´ Scylla. Veja Mate feeds in power by its own Offshore Substation through BorWin Beta and then to the onshore converter station in Diele Germany.
“First power is indeed a significant milestone in the construction phase of our Project” says Henrik Scheinemann, CEO of Veja Mate. Thomas Gellert, WTG Project Manager/Deputy EPC Director adds, “The entire project team has been working hard making sure this and upcoming milestones are reached successfully and are well deserving of our congratulations.”
When fully connected the Wind Farm will produce enough electricity to power 400,000 German homes relieving the environment of 700,000 tons of C02 emissions annually for the next 25 years.
Notes to Editors
Facts about the project:
Veja Mate is a 402 MW, 1,9 bn EUR offshore wind project owned by the Highland Group Holdings Ltd, Siemens Financial Services and Copenhagen Infrastructure II K/S (managed by Copenhagen Infrastructure Partners). Bank financing was completed on the 1st of July 2015. Construction started on the 4th of April 2016 and the project is expected to be fully operational by the end of 2017. It will produce over 1,6 TWh of green, renewable electricity annually. For more information, contact Maria Cervantes, Information Manager at email@example.com or visit our website at www.vejamate.de.
Facts about the parties:
About Highland Group Holdings Ltd.
Highland Group Holdings Ltd. is an investment vehicle owned by Lord Laidlaw of Rothiemay. Highland invests in both liquid and illiquid assets and is managed by Laidlaw Capital Management under the responsibility of Steffen Dietel as Investment Director.
About Siemens Financial Services
Siemens Financial Services (SFS) provides business-to-business financial solutions. SFS helps facilitate investments by providing commercial finance, project and structured finance with specific asset expertise in the growth fields of electrification, automation and digitalization. Employing more than 3,000 employees worldwide, SFS supports Siemens as well as other companies with their capital needs and acts as an expert manager of financial risks within the Siemens company. For more information, visit: www.siemens.com/finance.
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners P/S (CIP) is a fund management company focused on energy infrastructure including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, and other energy assets like reserve capacity and storage. CIP has approximately 110 employees and offices in Copenhagen, Taipei, New York, Tokyo, Utrecht, and London.
CIP manages six funds and has more than EUR 8 bn under management. CI I, CI A I and CI A II have PensionDanmark as founding- and sole investor. CI II has 19 Danish and international institutional investors and CI III has 42 institutional investors from the Nordics, Continental Europe, the UK, Israel, Asia, Australia, and multi-lateral organizations e.g. EIB. CI NMF I has 15 investors from the Nordics and Continental Europe.
CIP was founded in 2012 by senior executives from the energy industry in cooperation with Pension Denmark.