DEME Concessions Wind and Siemens Financial Services have joined with German utility EnBW to bid for the proposed 600MW Kriegers Flak offshore wind farm in Denmark.

In particular, DEME and Siemens will join the project company Kriegers Flak, which was launched by EnBW for participating in the tender procedure.

Under the terms of the deal, Siemens will acquire 32.5% stake in the project company while DEME Concessions Wind will hold 17.5% interest. EnBW will own the remaining 50% stake.

Planned to be built in the waters between Møn, Southern Sweden and Northern Germany, the Kriegers Flak offshore wind project is expected to generate clean electricity enough to power more than 600,000 households.

Cable laying work of the project is planned to commence in autumn 2016 with first power scheduled in 2020. The project construction and commissioning, however, is subject to approval of the antitrust authorities.

Following final binding offer by 8 November 2016, the concession will be awarded to the selected bidder by the end of the year.

Earlier, Danish national transmission operator, Germany’s 50 Hertz, and Sweden’s Svenska Kraftnät have agreed to jointly develop offshore electricity grid, also known as common grid solution, in the Kriegers Flak region.

Claimed to be the world’s first international offshore power grid, the common grid solution is designed to enable electricity trade using cables between Denmark, Sweden, and Germany.

The grid project involves construction of three offshore wind farms each owned by the respective countries and connected to the common grid.

The Kriegers Flak wind farm will serve as a Supergrid to supply renewable energy to all the three countries through the power grids.