Ocean Breeze Energy GmbH & Co. KG

What Ocean Breeze Energy GmbH & Co. KG does

Ocean Breeze Energy GmbH & Co. KG is a Bremen-based special-purpose vehicle that owns and operates BARD Offshore 1, Germany's first commercial offshore wind farm, located approximately 100 km north of the island of Borkum in the German North Sea. The single-asset facility comprises 80 BARD 5.0 turbines in the 5 MW class, delivering 400 MW of installed capacity and producing approximately 1.6 billion kWh annually — enough to supply 400,000–500,000 German households. The plant uses the patented Tripile foundation technology (designed for water depths up to 40 m and far-offshore installation), an integrated environmental monitoring system covering the full project lifecycle, and a 360 kV HVDC grid connection via TenneT's Borwin Alpha platform. The company has 17 employees and operates an extremely lean physical footprint, outsourcing turbine maintenance to Reetec and marine logistics to Acta Marine's ACTA AURIGA walk-to-work vessel, supporting ~95% turbine availability.

The revenue model rests entirely on contracted offtake through long-term power purchase agreements. Since April 2023, RWE Supply & Trading has handled direct physical marketing of the wind farm's electricity under a green PPA running through 2030. In June 2024, Ocean Breeze aggregated Virtual PPAs with Cargill (35 MW average capacity, 712,000 MWh over a 6.3-year term) and Mars (15 MW share, 320,000 MWh), with all contracts running through 2030; these VPPAs were structured to replace the expiring EEG feed-in tariff regime, with a gradual transition to a fixed-price regime from 2026. RWE also uses a portion of the output for green hydrogen production via its electrolyser projects and provides balancing energy to stabilize the grid. Electricity flows into the TenneT-operated national grid, reaching residential consumers as well as industrial buyers.

The company is 100% owned by funds managed by Macquarie Asset Management (MIRA), which acquired it in 2019 from HypoVereinsbank's prior hold. Leadership comprises CEO Jean Huby (formerly CEO of AREVA Wind / Adwen Offshore), CTO Joachim Arndt (former CTO of Multibrid and technical originator of one of the first 5 MW-class offshore turbines), and CCO Dr. Daniel Brickwell (former MD of Gamesa Energie Deutschland). Certifications include ISO 9001, the German IT-Sicherheitskatalog for critical infrastructure operators, and an internally managed ISMS.

Name

Ocean Breeze Energy GmbH & Co. KG

Legal name

Ocean Breeze Energy GmbH & Co. KG

Website

https://oceanbreeze.de

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Ocean Breeze Energy GmbH & Co. KG is the Bremen-based operator of BARD Offshore 1, Germany's first commercial offshore wind farm. The 400 MW, 80-turbine facility in the German North Sea sells renewable electricity via long-term PPAs with RWE, Cargill, and Mars through 2030, and is 100% owned by Macquarie Asset Management.

Ownership category

akta.pro rank

Product category

Offshore Wind Energy Generation

NAICS

Wind Electric Power Generation (221115), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)

akta.pro secondary industries

Offshore Wind Power Generation (Fixed-Bottom) (EUACAFAB), Offshore Wind Substructures & Marine Engineering (Monopiles, Jackets, Floating) (EUAMACAE)

Keywords

• Offshore wind energy
• Wind farm operations
• Renewable power generation
• Power purchase agreements
• Grid balancing services

Headquarters

HQ city

Bremen

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Green Electricity Sales via PPAs: Sale of green electricity produced by BARD Offshore 1 wind farm through long-term Power Purchase Agreements. RWE Supply & Trading handles physical energy trading from April 2023. From September 2024, gradual transition to fixed price regime. Contract with RWE runs until 2030. VPPA agreements with Cargill and Mars until 2030.
2. Grid Balancing Services: Wind farm used by RWE Supply & Trading to provide flexibility in the form of balancing energy for stabilizing the power grid, balancing out short-term fluctuations.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Ocean Breeze Energy owns and operates BARD Offshore 1, Germany's first commercial-scale offshore wind farm, located approximately 100 km north of Borkum in the German North Sea. The 400 MW facility comprises 80 BARD 5.0 turbines and produces approximately 1.6 billion kWh per year. Green electricity is sold through long-term Power Purchase Agreements (PPAs) with RWE Supply & Trading (physical PPA) and corporate sustainability offtakers Cargill and Mars (virtual PPAs). The farm also supplies balancing energy to the German national grid via the TenneT-operated Borwin Alpha HVDC connection.

Product overview

Ocean Breeze Energy GmbH & Co. KG operates a single core product: the BARD Offshore 1 offshore wind farm. This is a utility-scale renewable energy generation facility, not a software platform. The company provides the operational management of this wind farm, including maintenance services supported by vessels like the ACTA AURIGA, environmental monitoring, and power purchase agreements with energy companies. There are no additional software products, modules, or add-on services offered—the company functions as a wind farm operator rather than a technology product provider.

Differentiator

Problem solved

Functional benefit

Products and services

• BARD Offshore 1 Wind Farm Utility-scale offshore wind farm located approximately 100 km north of Borkum in the German North Sea. 400 MW installed capacity comprising 80 BARD 5.0 wind turbines (5 MW class, 122m rotor, IEC class 1c), generating approximately 1.6 billion kWh per year — enough to supply around 500,000 households with green energy. Built on patented Tripile foundations for water depths up to 40m and connected to the German national grid via the TenneT HVDC Borwin Alpha platform.
• Green Electricity Supply via Power Purchase Agreements Long-term contracted sale of green electricity generated by BARD Offshore 1 through physical Power Purchase Agreements (with RWE Supply & Trading) and Virtual PPAs (with Cargill and Mars) for corporate sustainability off-takers. Contracts run until 2030 and replace expiring feed-in tariff support with a fixed-price regime from 2026.
• Grid Balancing Energy Services

Quantifiable outcome

• 400 MW installed capacity
• +6 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core, minor and flagship.

• CargillcoreGTM or Marketing Partner · 3 June 2024VPPA with average capacity commitment of 35 MW over 6.3-year term, projected to yield 712,000 MWh of clean energy. Avoids 442,000 MT CO2 emissions. Energy reduces emissions at 12 Cargill facilities across Germany. Partnership facilitated by Trio (formerly Altenex Energy).
• MarscoreGTM or Marketing Partner · 3 June 2024VPPA with 15 MW share, generating 320,000 MWh of clean electricity over 6.3-year term. Avoids 77,440 MT CO2 emissions. Part of Mars' commitment to reduce emissions by 50% by 2030 and achieve net zero by 2050. Partnership facilitated by Trio.
• Trio (Edison Energy)minorImplementation/ SI/ Consulting Partner · 3 June 2024Sustainability and energy advisory company (formerly Altenex Energy, Edison Energy company). Facilitated VPPA process for Cargill and Mars, providing support across PPA strategy, sourcing, contract analysis and negotiation.
• RWE Supply & TradingflagshipStrategic or Co-development Partner · 11 April 2023Long-term green power purchase agreement until 2030. RWE handles direct marketing of wind farm's electricity production from April 2023. From 2026, gradual transition to fixed price regime. Wind farm used for green hydrogen production via RWE electrolyser projects. Also provides balancing energy for grid stabilization. Contract runs until 2030.
• ReeteccoreImplementation/ SI/ Consulting Partner · 9 May 2018Service partner for maintenance of BARD Offshore 1's 80 turbines. Bremen and Emden-based company carrying out maintenance operations. OBE has been using support vessels for maintenance since 2015.
• Acta MarinecoreOthers · 9 May 2018Owner and operator of Acta Auriga vessel, a walk-to-work Service Operation Vessel chartered by OBE for two years. Vessel optimally designed for offshore wind farm service and logistics with SMST 3D-compensated gangway, Ulstein X-BOW and X-STERN hull design. Can safely transfer cargo and personnel at wave heights up to 3 metres. Fleet of about 45 support vessels.
• TenneTcoreTechnology or IntegrationGrid operator providing farm external grid connection via HVDC transmission system at 360 kV. Platform named Borwin Alpha. Essential infrastructure for delivering wind farm electricity to German national grid.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Ørsted: Global offshore wind market leader; operates Borkum Riffgrund 1 & 2 in German waters. Comparable on technology (Siemens Gamesa turbines, monopiles), PPA structures, and grid-side integration, though at much larger scale.
• Equinor: Norwegian energy major with growing offshore wind portfolio (Hywind floating, Dogger Bank, Empire Wind). Comparable as a North Sea operator with floating and fixed-bottom experience, though diversified across oil & gas and renewables.
• EDF Renewables: French utility with growing offshore wind footprint (Fécamp, Saint-Nazaire, and German participation). Comparable as a European utility IPP pursuing long-dated corporate PPAs in the same regulatory environment.
• Vattenfall: Operates European offshore wind farms including the German DanTysk and Sandbank projects. State-owned utility with similar long-term PPA exposure and North Sea operations, but operates a diversified generation portfolio alongside offshore wind.
• TotalEnergies Renewables: French major developing offshore wind capacity in European waters (including German participation). Comparable in North Sea geography and corporate PPA-driven offtake strategy, though much broader portfolio.

Direct peers

• RWE Renewables: RWE is a direct German offshore wind peer and the largest operator in the country (Kaskasi, Sofia, Amrumbank West, Nordsee Ost). It is also OBE's PPA off-taker and direct-marketing partner, making it the most economically intertwined comparable.
• EnBW Energie Baden-Württemberg: EnBW operates the Hohe See and He Dreiht offshore wind farms in the German North Sea, sharing both the regulatory regime (German EEG/Energiewende) and the geographic market with Ocean Breeze Energy.
• Iberdrola Renovables Deutschland: Iberdrola operates the Wikinger offshore wind farm in the German Baltic and is part of the same Spanish-led global offshore wind build-out; directly comparable as a non-German utility with German offshore wind assets and similar PPA-driven revenue model.
• wpd offshore: German mid-market wind developer with operating offshore assets (e.g., Deutsche Bucht) and a development pipeline. Closely comparable to OBE in scale, German geography, and pure-play offshore wind focus.

Regional players

• Eneco: Dutch utility with offshore wind interests (e.g., Luchterduinen, partly Borssele). Comparable in North Sea geography and PPA-centric business model, but operates primarily from the Netherlands rather than Germany.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ocean-breeze-energy-gmbh-&-co.-kg

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ocean Breeze Energy GmbH & Co. KG