Marguerite Sells Stake in 325 MW Belgian Offshore Wind Farm

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February 12, 2024, by Adnan Memija

Marguerite Pantheon has decided to sell its 10 per cent stake in the 325 MW C-Power (Thornton Bank) offshore wind farm in Belgium.

The stake was acquired by existing shareholders in the project and the transaction was signed and closed on 2 February 2024. The company did not provide any financial details about the transaction.

Marguerite invested in the Belgian offshore wind project in 2011 through the Marguerite Pantheon SCSp

C-Power is Belgium’s first offshore wind farm, built in three phases and operational since 2013.

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The offshore wind project is located in Belgium’s exclusive economic zone, 28 kilometres off the Belgian coast.

During the first phase, six Senvion 5 MW wind turbines were erected on gravity-based foundations and the phase was commissioned in 2009. Thornton Bank II consists of 24 Senvion 6 MW wind turbines installed on jacket foundations that were fully commissioned at the beginning of 2013. The third phase also comprises 24 Senvion 6 MW wind turbines, which have been producing electricity since July 2013.

C-Power NV was the company responsible for the development of the wind farm, with shareholders including EDF Renewables, RWE’s renewables arm, and DEME Concessions, among others.