Keppel completed the acquisition of a 25% stake in Borkum Riffgrund 2 from Gulf Energy for $309m.

Keppel, a Singaporean conglomerate, completed the acquisition of a 25% stake in Borkum Riffgrund 2, the 465MW offshore wind farm in the German North Sea, from Gulf Energy, a holding company with a portfolio of electricity, steam and chilled water generating projects and other related business, for $309m.