Global Infrastructure Partners, an independent infrastructure investor, has agreed to buy 100 percent of Wpd offshore GmbH, the offshore wind business of Wpd, from Wpd AG, a project developer and renewables power producer for the onshore wind and offshore wind and solar.

Wpd offshore’s portfolio includes an interest in 5 operating construction projects in Germany, France and Taiwan. Upon the closing of the transaction, Achim Berge Olson, current COO of wpd will serve as CEO of the business acquired by GIP.

Bjorn Nullmeyer, the CFO of Wpd said, “We have had an exciting and successful journey with the wpd offshore team and are delighted that GIP is taking a unique opportunity to unlock further potential with the plan to build up a global offshore wind player. Wpd AG will further strengthen its onshore wind and solar activities in 30 countries in Europe, Asia, Chile and the US.”