Enbridge has acquired an effective 50 per cent ownership in the 497MW Hohe See offshore wind project from EnBW, a German utility, who will retain the remaining interest. Hohe See is a late design-stage project located in the North Sea, 98 kilometers off the coast of Germany.
As co-developer, Enbridge will participate in the construction and operation of the project. Once in service in late 2019, Enbridge's total investment in the project will be US$ 1.7 billion (€ 1.07 billion). Enbridge's investment in 2017 will be US$ 0.6 billion (€ 0.44 billion) with the remaining capital to be invested through to the in-service date in 2019. This partnership also provides an option for further future investment in a planned 112MW expansion of the offshore wind farm.
