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Blackstone to invest billions in German wind farm: report

Fri, 08/05/2011 - 8:35am
Reuters

LONDON (Reuters) - Blackstone is set to announce its largest renewable energy deal with the investment of a combined 2.5 billion euro ($3.5 billion) into the construction of Germany's biggest ever offshore wind farm, the Financial Times said on Friday.

The newspaper said the U.S. private equity firm group will announce on Friday that it has secured financing for an 80-turbine wind farm in the North Sea, which it plans to complete constructing by 2013.

The 1.2 billion euro project, dubbed "Meerwind," which was first announced in 2008, is set to produce enough power to service 40,000 households.

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