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Reported by EnBW - Energie Baden-Württemberg on 8 January 2019

EnBW acquires seven wind farms in Sweden

EnBW acquires seven wind farms with an installed output of 105 megawatts just a few months after the foundation of a subsidiary in the country

(Courtesy of EnBW - Energie Baden-Württemberg AG)

Stuttgart/Falkenberg. The Swedish subsidiary “EnBW Sverige AB” has acquired two operating companys with seven wind farms with an installed capacity of 105 megawatts (MW) in Sweden. EnBW just founded its Swedish subsidiary in Falkenberg in southern Sweden in July of last year. It is currently constructing its own wind farm with three turbines and an output of around 11 MW in Rammarehemmet in the municipality of Tidaholm.

Alongside France, Sweden is the second foreign market within Europe that EnBW has selected for further growth in the area of onshore wind energy over the next few years. “We only founded our Swedish subsidiary a few months ago and the fact that we are now already concluding the first major acquisition confirms our decision to selectively internationalise our business and shows the role we believe Sweden plays for us as a growth market. It is an important step that will help us grow here and position us as a reliable partner for the further expansion of renewable energies”, explains Dirk Güsewell, Head of Portfolio Development at EnBW.

EnBW acquires 47 of the 51 wind turbines from the operating company "Power Wind Partners AB"(PWP), which is equally owned by the three Swedish financial investors Proventus (a privately held investment company), FAM (a family-owned company of the Wallenberg Foundation) and the insurance company Folksam. The remaining four wind turbines come from Gnosjö Energi AB, which is owned by Folksam. The total of 51 wind turbines make up a high-yield portfolio, some are also suitable for later repowering. 42 wind turbines from Vestas V90-2.0, five Siemens SWT-101 turbines and four Nordex N90-2.5 are currently installed. Five wind farms are located in Svealand (central Sweden), one wind farm is in Norrland and in the Gotaland region (southern Sweden). In addition, two grid companies were also acquired.

EnBW has already been represented on the Scandinavian market via its subsidiary Connected Wind Services A/S (CWS) since 2016. The manufacturer-independent service provider CWS is based in Denmark and has a subsidiary with service teams in Sweden. EnBW became a significant player in the area dealing with the servicing and maintenance of wind power farms with the acquisition of CWS.

References

[1]

EnBW - Energie Baden-Württemberg AG. Press release - EnBW acquires seven wind farms in Sweden. URL: http://www.enbw.com/company/press/press-releases/press-release-details_201216.ht.... [Date Accessed: 08/01/2019].

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