Commerz Real and Ingka Group-led consortium completed the acquisition of Veja Mite wind farm for $2.6bn.

Commerz Real and Ingka Group-led consortium completed the acquisition of Veja Mite, an offshore wind park in the North Sea, for $2.6bn. "After financial close of the Veja Mate project in June 2015 and the subsequent delivery of the 402 MW offshore wind farm four months ahead of schedule and below budget, the divestment of CI-II’s 23.4% ownership stake has been a good opportunity for CIP and its investors to realize part of its investment in Veja Mate. CI-II continues to be a debt provider to the project company, which provides a long-term stable cash flow to its investors. We would also like to take the opportunity to thank Siemens and Highland for the good collaboration and welcome the new shareholders to the project," Michael Hannibal, CIP Partner.