German offshore wind specialist Bard Holding has hired a US investment bank to help sell the company. The owners are looking to sell an 87.5 per cent stake in the business, according to Bloomberg.
The sale would include assets due to be completed in early 2012 and the company said that it has some potential buyers lined up in Europe and South East Asia.
At the end of August Bard sold a 600MW offshore development in the North Sea that, once completed, will provide electricity to the Netherlands.