Nordsee Offshore MEG is the project company of insolvent German developer Windreich.

"Deme will participate in the further development of the wind farm until financial close," the Zwijndrecht-based company said.

"Afterwards, Deme will be involved in the construction and maintenance of the wind farm, and its long-term funding."

MEG 1 for long has been one of the most coveted projects of insolvent Windreich.