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EnBW sells minority stake in 13-MW German wind farm

Wind farm in Germany. Author: Jason. License: Creative Commons. Attribution-NoDerivs 2.0 Generic

February 13 (Renewables Now) - German electric utility EnBW Energie Baden-Wuerttemberg AG (ETR:EBK) has recently sold a 24.95% stake in the 13-MW Buchholz III wind farm to two of its own shareholders, municipal associations OEW and NEV.

The particular wind farm is located in the Buchholz (Aller) and Marklendorf municipalities in the Heidekries region of Lower Saxony, where it has been generating electricity since the autumn of 2017. The plant consists of four Vestas V126 turbines that produced over 32 million kWh of electricity in their first full year of operation.

EnBW intends to reinvest the proceeds into new renewable energy projects, stated Dirk Guesewell, Head of Generation/Portfolio Development at the company.

Oberschwaebischen Elektrizitaetswerke (OEW), through OEW Energie-Beteiligungs GmbH, holds a 46.75% stake in EnBW. Neckar-Elektrizitaetsverband (NEV), in turn, has a 0.63% interest in the utility.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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