The wind farm will be located in the North Sea, about 38km offshore of the island of Norderney, and has already been approved by the Bundesamt für Seeschifffahrt und Hydrographie (BSH) (German Federal Maritime and Hydrographic Agency).
The aim of the project is to construct 84 offshore wind energy plants with a nominal capacity totaling 252MW in Gode Wind II.
The shares of the project are being sold to Hyssing Vermögensverwaltungsgesellschaft, which is held by the Danish Brancor Capital Partners APS.
The agreed purchase price for all shares of PNE Gode Wind II is based on a valuation of about EUR317,000 per MW including the already invested development costs.
The transfer of 50.1% of the shares took place on 29 December 2011 as condition precedent to a first significant payment on 29 February 2012 and a further installment becoming due on 25 March 2012.
This is to equip Brancor Capital Partners APS with the necessary time to pay the agreed purchase price.
The remaining 49.9% of the shares will be transferred on receipt of the second purchase price rate.
