Back- A 22.5% stake sold to Greencoat Renewables PLC
- Located in the North Sea, Butendiek has a total capacity of 288 MW
- Butendiek was one of Marguerite’s first investments in 2013
Marguerite Pantheon SCSp, a bespoke investment vehicle managed by Marguerite and in which the sole investor is Pantheon, the specialist global private markets investor, closed the sale of its 22.5% stake in the Butendiek offshore wind farm in Germany to Greencoat Renewables PLC (Ireland), a fund listed on the Euronext Dublin Market and AIM of the London Stock Exchange. Developed by wpd, the Butendiek offshore wind farm is located in Germany’s exclusive economic zone in the North Sea, 32km west of the island of Sylt, and consists of 80 Siemens Gamesa 3.6 MW turbines, which cover the annual electricity consumption of approximately 370,000 households. The project has been operational since 2015.