Borssele III & IV Offshore Wind Park

Swiss Life Asset Managers, on behalf of its investors, acquired a 20% stake in Borssele III & IV, a fully operational offshore wind park located 55km from the Port of Vlissingen in the Netherlands. The seller was Partners Group, a leading global private markets firm, acting on behalf of its clients.

The Borssele III & IV wind farm has an installed capacity of 731.5MW and is generating approximately 2.3% of the Dutch electricity demand. The asset benefits from a highly attractive location and strong cash flows. With its 77 wind turbine generators, the energy produced by Borssele III & IV is enough to power 825,000 households.

Swiss Life Asset Managers was advised by Voltiq as its financial advisor. The transaction includes an earnout mechanism to cater for a volatile power price environment and market uncertainty. Completion of the transaction is subject to customary regulatory approval.