Van Oord and Highland Group Holdings Ltd. have signed a cooperation agreement for the development, financing and construction of the offshore wind farm Deutsche Bucht in Germany. The wind farm is located in the German Bight, approximately 90 km from shore and will have a rated power of 252 MW. Van Oord will execute the Balance of Plant for the project. The latter consists of the engineering, procurement and construction of the foundations, inter array cables and the offshore substation.
Van Oord and Highland Group Holdings Ltd. intend to participate in the equity for the offshore wind farm. Financial close is scheduled for the first half of 2017, the offshore installation is envisaged to start in the second half of 2018 and the Deutsche Bucht offshore wind farm will be commissioned in 2019.
