Axpo takes over wind operator Volkswind

Date July 22, 2015
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Axpo takes over wind operator Volkswind

Axpo signed the sales contract for the acquisition of Volkswind GmbH, a wind farm developer and operator in Germany and France.

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.

Axpo takes over 31 operating wind farms with a total capacity of 154 MW, and acquires a major project pipeline in France and Germany, 460 MW of which has already been granted construction approval, and another 2500 MW in various stages of development. Axpo is thereby expanding its business activities into wind farm construction and development, and intends to realise higher added value from the renewable energies business.
Volkswind GmbH was founded in 1993 by two engineers and wind energy pioneers, who have progressively expanded the business. Volkswind currently employs a staff of 60 in Germany and France. Axpo will take over all employees and purposefully build on this workforce.

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:

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