Global Infrastructure Partners to acquire WPD Offshore from WPD.

Global Infrastructure Partners, an infrastructure fund manager, agreed to acquire WPD Offshore, an offshore wind platform, from WPD, a project developer and independent renewables power producer for onshore wind, offshore wind and solar. Financial terms were not disclosed. "wpd was one of the early movers in the offshore wind market and the offshore unit prospered very well as part of wpd group. We have had an exciting and successful journey with the wpd offshore team and are delighted that GIP is taking a unique opportunity to unlock further potential with the plan to build up a global offshore wind player. wpd AG will further strengthen its onshore wind and solar activities in 30 countries in Europe, Asia, Chile and the US. Our operating wind and solar projects totaled 2.5k MW by end of 2021 and we will double this volume by 2024," Björn Nullmeyer, WPD CEO.