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Innogy acquires 400MW wind portfolio from Primus Energie

CTBR Staff Writer Published 16 January 2018

German energy company Innogy has acquired a portfolio of 23 wind farms totalling 400MW from Primus Energie.

The two companies have agreed not to disclose the financial details about the acquisition.

These wind farms are in different stages of development and are located in the German state of Thuringia. Until the commissioning of the wind farms is completed, Primus Energie will continue to develop the projects as a service provider for Innogy.

innogy Renewables chief operating officer Hans Bünting said: “We want to develop wind energy and enhance our portfolio in our home market, as well. To do so, we are looking selectively for cooperations with other project developers.

“With Primus we have an experienced, competent and regionally well positioned development partner at our side. Together we can now get started in Thuringia, too, and jointly achieve successes in the wind business. We will offer flexible participation models to local authorities, municipal utilities and anyone wishing to become a wind farmer.

innogy and Primus Energie are identified partners for Fair Wind Energy in Thuringia seal (Faire Windenergie Thüringen) by the Thuringian Energy and GreenTech Agency (ThEGA).

They have agreed to complete the wind farms under the guidelines of ThEGA and this includes early involvement and information of local residents, transparent agreements with land owners along with cooperation with relevant decision makers.

Primus Energie managing director Jürgen Meyer-Menz said: “To be able to develop projects successfully even during turbulent times, we have brought in innogy as an extremely experienced, financially strong wind allrounder which has proven its competitiveness not least with its successes in auctions in Germany and abroad.“

Innogy also stated that it presently has a renewable energy pipeline of more than 5GW. Out of this portfolio, the company has 1.8GW in onshore wind and 1GW in offshore wind in Europe. The capacity is equivalent to powering around 2.5 million homes in Europe.

Image: indeland Windpark Eschweiler. Photo: Courtesy of innogy SE.