Enercity closes acquisition of 365-MW German wind portfolio
The Ostermarsch-Norden wind park in Germany. Image by Enercity AG.
Hanover-based energy supplier Enercity AG has completed the takeover of a 365-MW portfolio of onshore wind farms in Germany and now has a total wind generation capacity of 712 MW.
With this acquisition, Enercity is a step closer to its strategic goals of expanding renewable energy and reaching 1,000 MW of installed wind capacity as early as 2025, said chief executive Susanna Zapreva. By 2030, green energy should make up 85% of the company's electricity generation, Zapreva added.
The assets were acquired from German wind energy investor Norderland Group which has gradually built up the portfolio since the 1990s.
Enercity sees great potential in the portfolio as a large portion of the 166 turbines are located in so-called wind priority areas and are suitable for repowering. The wind parks are spread across the states of Lower Saxony, Brandenburg, Saxony and Saxony-Anhalt.
The deal was agreed in May and doubled Enercity's wind portfolio.
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