The Republican candidate for the US presidency has spent years fighting the proposed construction of 11 turbines off the coast of Aberdeenshire, saying they would be an eyesore.
Trump, whose mother is Scottish, tried to block construction in the British courts, but in December the Supreme Court ruled against him.
His golf course was hugely controversial and faced considerable local opposition as it was built on an environmentally protected coastline of rolling dunes.
Installation of the turbines will start in late 2017 and become operational the following spring. Construction of land-based infrastructure will begin in the coming months.
Vattenfall will buy back its stake in the project from the Aberdeen Renewable Energy Group and will finance a European Offshore Wind Deployment Centre (EOWDC) that will will host a research centre for innovation in wind energy.
"The decision to invest in the EOWDC comes only a few weeks after the British referendum on leaving the EU and demonstrates Vattenfall's continuing long-term commitment to wind power in Great Britain," the company said in a statement.
"Our investment in the European Offshore Wind Deployment Centre off Aberdeen is an important part of this process," he said.
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