Swiss Life snaps up 20% stake of Borssele from Partners Group

• Partners group invested in Borssele in June 2018 
• Borssele’s other shareholders are Shell, Eneco, INPEX, and Luxcara
• Partners Group’s Private Infrastructure has $21 billion in AUM

Partners Group has announced that it has sold a 20% stake in Dutch offshore windfarm Borsele III/IV to Swiss Life Asset Management. Partners Group invested in Borssele in June 2018 as part of its thematic approach to investing in infrastructure assets that benefit from decarbonisation trends.

Borssele is a fully operational offshore windfarm located 55 kilometres from the Port of Vlissingen in the Netherlands. Borssele’s other shareholders are Shell, Eneco, INPEX, and Luxcara. The windfarm, which began operations in 2021, comprises 77 turbines and benefits from a feed-in premium regime, which provides highly visible, long-term contracted cashflows.

“Through our thematic investing approach, we identified offshore wind at the right time as a key contributor towards achieving global net-zero goals in a high growth market,” said David Daum, managing director, private infrastructure Europe, Partners Group. “We invested in Borssele before construction had started, contributed to the set-up of an independent organisation to handle daily operations, and guided the project through difficult conditions during the covid pandemic to full operational status. Borssele now generates the equivalent of 2.3 percent of Dutch electricity demand.”

Partners Group Private Infrastructure has assets under management of $21 billion with $20 billion invested in private infrastructure. The Baar, Switzerland-headquartered firm has made over 130 infrastructure investments in 18 countries.