WindMW GmbH, located in Gadebusch, is responsible for the planning and construction of the Offshore Wind Farms Meerwind Süd and Meerwind Ost. On 14 July 2008 Blackstone and Windland Energieerzeugungs GmbH signed a partnership agreement for the further development of the Offshore Wind Farms Meerwind Süd and Meerwind Ost and WindMW GmbH was founded to realize this project.
In July 2016, China Three Gorges Corporation (CTG) acquired the majority stake from Blackstone. With the new investor CTG a reliable and competent new owner of the 80% stake has been found. CTG is a national Chinese power company, founded on 27 September 1993, and nowadays one of the largest energy providers worldwide. China Three Gorges is manufacturing electricity at the Three Gorges Dam on China's Yangtze River with a huge hydropower plant.