WPD may sell USD-1bn-plus company stake - report

Photo by: Wpd AG (www.wpd.de).

May 15 (Renewables Now) - German wind project developer Wpd AG could sell an equity stake worth at least USD 1 billion (EUR 845m) or even the whole company, according to sources quoted by Bloomberg.

The informed people have told the news agency that Wpd is mulling over different options to raise cash and that a transaction is not certain yet.

Late last month it was announced that Wpd had secured 1 GW of grid connection capacity from Taiwan's Ministry of Economy for two offshore wind projects. This includes the Yunlin project with a capacity of 650 MW-700 MW, located off the coast of Yunlin County, and the Guanyin scheme of about 350 MW.

(USD 1.0 = EUR 0.845)

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

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

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription