Last Thursday, 26 March 2015, DEME Concessions has entered into a partnership with Nordsee Offshore MEG I GmbH to co-develop the MEG I offshore wind farm in the German North Sea, the company said in its press release.
MEG I will be one of Germany’s largest offshore wind farms and is located in the German Bight, circa 45 km north of Borkum. This 400MW project will provide renewable energy to over one million people and realizes a reduction of 1.5 million tons of CO2 emissions every year.
DEME will participate in the further development of the wind farm until financial close. Afterwards, DEME will be involved in the construction and maintenance of the wind farm and its long term funding.
About DEME Concessions
DEME Concessions is a subsidiary of DEME. DEME Concessions regroups all concessions of the DEME group in the field of dredging and land reclamation, offshore wind energy, wave and tidal energy and offshore mineral resources. DEME’s core business of dredging and land reclamation is supplemented by diversified activities that address different strategic drivers and future global challenges: complex hydraulic projects at sea, services to oil and gas firms, the installation of offshore wind farms, environmental activities such as soil remediation and sediment recycling, revalidation of brownfield sites and wreck clearance. Its multi-disciplinary know-how and experience have allowed the DEME Group to grow into a global solutions provider. The Group owns one of the most modern, high-tech and versatile fleets for dredging and hydraulic engineering activities. Active since 1852, the Group's solutions have never been more relevant than today, and this is reflected in its key figures: DEME employs 4,600 people worldwide and realised a turnover of EUR 2.58 billion in 2014.