Blackstone is seeking to commit a combined €2.5 billion for the construction of offshore wind farms in Germany, Financial Times reports. The private equity group has secured financing for a turbine wind farm in the North Sea, which it plans to complete building by 2013. The project will be funded by a €822 million loan from seven banks, with about 50% coming from KfW, the state-owned German lender. Blackstone is also planning an estimated investment of €1.3 billion in a project of 64 wind turbines.

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