Gulf Energy Development Public Company Limited or GULF He stated that second GULF informed the Thailand Stock Exchange on August 11, 2022 that Gulf International Holding Pte. Ltd. (GIH) which is a subsidiary of the Company owning 100.00% of the shares, entered into a shareholders’ agreement Ltd. (Neptune1), a joint venture between Keppel Infrastructure and Borkum Riffgrund 2 Investor Holding GmbH (BKR2 Holding), Trust and Keppel Renewable Investments, forming held by Keppel Corporation Limited (Keppel Group), in a 50.01% stake, for a total value of 305 million euros and GIH will transfer the shares after the completion of the terms of the agreement.
Most recently, on December 22, 2022, Neptune1 and GIH completed the terms of the aforementioned agreement. GIH then transferred the shares of BKR2 Holding to Neptune1 and has already received payment for the shares. As a result, GIH’s stake in BKR2 Holding decreased from 100% to 49.99%, and GIH’s indirect stake in Borkum Riffgrund 2 Offshore Wind Farm GmbH & Co. oHG (BKR2 Project) decreased from 50% to 24.99%. 99%.
The BKR2 project is an offshore wind farm project with an installed capacity of 464.8 megawatts (export capacity of 450.0 megawatts) located in the North Sea, northwestern Germany. The project has been in commercial operation since April 2019 with a Power Purchase Agreement (PPA) and an Operation & Maintenance Agreement (O&M Agreement) with Ørsted Group for a period of 20 years from the opening date
The BKR2 project also has a feed-in tariff (FiT) guaranteed by the German government for a period of 9.5 years after commercial operation. And it will receive electricity at the commercial price with a guaranteed minimum price for the 9.5th year through the 20th year, resulting in long-term income stability of the project.
KIT is a REIT listed on the Singapore Stock Exchange. Its total investment in infrastructure and asset management is approximately S$4.7 billion, while Keppel Corporation is one of Singapore’s leading multinational corporations. with investment networks in more than 20 countries worldwide diversify investments in energy, telecommunications, real estate infrastructure as well as the transportation sector Outstanding in data center smart city development
