The agreement covers the development, financing and construction of the wind farm, which is located in the German Bight, approximately 90km from the shore. It will have a rated power of 252MW.
Van Oord’s role includes the engineering, procurement and construction of the foundations, inter-array cables and the offshore substation.
Van Oord and Highland Group Holdings will have a share in the equity for the offshore wind farm. Financial close is scheduled for the first half of 2017, offshore installation is envisaged to start in the second half of 2018 and wind farm will be commissioned in 2019.