With this acquisition, Axpo is strengthening its position in the area of renewable energies and entering into the market for construction and development of wind power plants in Germany and France. The parties have agreed not to disclose details of the sale.
The new Axpo subsidiary will continue to operate under the name Volkswind, and remain largely independent. This will ensure the essential flexibility and agility needed for continued success in the local markets in the future. At the same time, Axpo will contribute expertise and competence to further reinforce and expand the Volkswind business.
We have recently reported about several wind deals globally: