EnBW Sverige, the Swedish subsidiary of EnBW, has acquired seven wind farms in the country with a total output of 105MW.
EnBW established its Swedish subsidiary last year and has now acquired these wind farms. Presently, the company is constructing a wind farm with three turbines with an output of 11MW in Rammarehemmet in the municipality of Tidaholm.
As part of the deal, EnBW has acquired Power Wind Partners, an operating company from partners Proventus (a privately held investment company), FAM (a family-owned company of the Wallenberg Foundation) and the insurance company Folksam.
Power Wind Partners owns 47 out of 51 wind turbines that make up the seven wind farms. The remaining four turbines are owned by Gnosjö Energi, which was owned by Folksam. Out of the total 51 turbines, 42 turbines make up Vestas’ V90-2.0, five from Siemens SWT-101 turbines and four Nordex N90-2.5 are currently installed.
Out of the seven wind farms, five wind farms are located in Svealand in central Sweden, one wind farm is in Norrland and in the Gotaland region in southern Sweden. In addition, EnBW had also acquired two grid companies.
EnBW stated that besides France, Sweden is the second foreign market within Europe that the company has selected to grow further in onshore wind energy over the next few years.
EnBW portfolio development head Dirk Güsewell said: “We only founded our Swedish subsidiary a few months ago and the fact that we are now already concluding the first major acquisition confirms our decision to selectively internationalise our business and shows the role we believe Sweden plays for us as a growth market.
“It is an important step that will help us grow here and position us as a reliable partner for the further expansion of renewable energies.”
Last June, the company entered the American offshore market by forming a joint venture with Trident Winds and by establishing a regional subsidiary, EnBW North America. These new companies will develop offshore wind project off the coast of Central California.
The German company stated that its first step in the American market is to focus on the the West Coast of the US, particularly in the state of California.