- Luxcara partnered with Ming Yang Smart Energy to supply 16 of the world’s most potent 18.5 MW offshore wind turbines for the Waterkant project in Germany’s North Sea.
- The turbines, which will be installed in 2028, will generate electricity for 400,000 homes, supporting Germany’s renewable energy transition.
- Luxcara chose Ming Yang for its commitment to using 100% renewable energy and European-sourced components, following a rigorous international tender.
Luxcara, a German energy asset manager, signed an agreement with Ming Yang Smart Energy to supply 18.5 MW offshore wind turbines for the Waterkant project in the North Sea. Ming Yang will deliver 16 turbines, each featuring a 260-meter rotor diameter, which is the most powerful offshore turbine globally.
Luxcara plans to install these turbines in 2028, generating electricity for approximately 400,000 homes. After an international tender in 2023, Luxcara selected Ming Yang based on technology, financial viability, environmental impact, and contract terms.
“We are advancing Germany’s energy transition with the world’s most powerful turbines while driving competition in the industry,” said Holger Matthiesen, Project Director at Luxcara and Managing Director of Waterkant Energy. He emphasised that an independent German company will fully manage and operate the Waterkant wind farm.
Luxcara picked Ming Yang for its dedication to producing turbines using 100% renewable energy. The company will source electrical components from European suppliers and aims to create jobs within Europe. DNV and KPMG experts reviewed the project’s compliance with environmental, social, and governance (ESG) standards, the EU taxonomy, and cybersecurity protocols.
The Waterkant project forms part of Luxcara’s portfolio, which includes investments from institutional backers, such as pension funds across Germany, Europe, and overseas. Luxcara aims to deliver financial returns while supporting the renewable energy transition.
In August 2023, Luxcara secured rights to develop the Waterkant offshore wind farm through Germany’s offshore wind auction. The project will be located within Germany’s exclusive economic zone near Borkum in the North Sea.
Since its founding in 2009, Luxcara has positioned itself as one of Europe’s leading energy infrastructure investors. Its portfolio includes over 6 GW of clean energy projects across Europe, with an investment volume of around 6 billion euros.
Luxcara’s decision to use Ming Yang turbines reflects its focus on sustainability and innovation in renewable energy. By selecting the most potent turbines available, Luxcara intends to maximise energy production and significantly contribute to Germany’s renewable energy targets. The Waterkant project will diversify the country’s energy mix and boost its share of renewable sources.
Luxcara continues to drive global efforts toward combating climate change by developing energy infrastructure that reduces reliance on fossil fuels. The company remains committed to clean energy projects that provide investors with environmental benefits and solid financial returns.
This partnership with Ming Yang marks a key milestone for the Waterkant project and reinforces Luxcara’s leadership in Europe’s renewable energy sector. As the project progresses, it will be vital in advancing Germany’s shift to greener energy sources.