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Jun 24, 2022 17:05 CESTØrsted negotiating takeover of onshore wind developer Ostwind
The Sage Draw wind farm in Texas. Source: Ørsted
June 16 (Renewables Now) - Danish offshore wind developer Ørsted (CPH:ORSTED) announced today it is holding late-stage negotiations in relation to the potential takeover of Ostwind AG, which develops and builds onshore wind farms in Germany and France.
The company said it is discussing with Ostwind’s shareholders, namely Gisela Wendling-Lenz, Ulrich Lenz and Fabien Kayser, the potential acquisition of 100% of Ostwind Erneuerbare Energien GmbH, Ostwindpark Rotmainquelle GmbH & Co KG, Ostwind International SAS and Ostwind Engineering SAS.
The statement is in response to media speculations, Ørsted noted, adding that a transaction is not certain at this point.
Information available on Ostwind’s website shows that the company is a family business that has been developing wind projects since 1992 and has topped 1 GW of completed projects. The firm also has a solar development arm.
Ostwind International, in particular, is the subsidiary working on wind farms in France. It was established in 1999.
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