Iberdrola has signed an agreement with Energy Infrastructure Partners (EIP) for the sale of a 49% stake in Wikinger offshore wind farm in Germany. The transaction is valued at around €700 million, and Iberdrola will maintain a majority stake of 51%.
According to the agreement, Wikinger’s total valuation amounts to approximately €1.425 billion. Iberdrola will continue to control and manage this asset, leading the operations and maintenance services. Energy Infrastructure Partners (EIP) is a Swiss infrastructure investment company focused on the global energy transition. With an installed capacity of 350MW it has been supplying clean energy to approximately 350,000 German households since it was commissioned in 2018.
