Energy service provider EWE and the Aloys Wobben Foundation, sole shareholder of wind turbine manufacturer ENERCON, have agreed to form a joint venture in onshore wind energy.
According to the agreement, both sides will each hold 50 percent of the shares, and ENERCON and EWE will contribute their existing wind farms and onshore projects to the future joint venture. The completion of the transaction is expected in spring 2021.
The new company will have an installed capacity of more than 2.3 gigawatts based on existing systems and a project pipeline of more than 9.4 gigawatts, making it the market leader in onshore wind activity in Germany as well as one of the largest companies in the field of wind energy in Europe. The aim is to realize an increase of more than 200 megawatts per year and to increase the existing capacity to up to 5 gigawatts by 2030.
In addition, further international growth is planned. As a result, this will create one of the largest producers