New joint venture for onshore wind in Germany and France

New joint venture for onshore wind in Germany and France

Renewables

Germany/FranceThe Aloys Wobben Stiftung (AWS) and the EWE have launched a joint venture for the project management and operation of onshore wind energy projects.

The new company, Alterric, started its operations on Friday. The AWS and the EWE each hold 50 per cent of the shares in Alterric. The aim is to become one of the leading producers of green energy in Germany and France over the next years.

Alterric’s project portfolio

The shareholders have brought the existing wind farms and onshore projects belonging to ENERCON and EWE into their 200-employee strong joint venture. This means Alterric has more than 2,300 megawatts of installed power in its portfolio in total, and a project pipeline of more than 9,400 megawatts. The aim is to add more than 200 megawatts every year and expand the portfolio to up to five gigawatts in 2030. Investments totaling around four billion euros are planned by 2030.

Independent operation

Alterric will operate independently and is not integrated in the organisational structures of the parent companies. Alterric will pursue an approach that does not tie it to manufacturers in realizing its projects. The company will be managed by EWE, while the Aloys Wobben Stiftung will chair the supervisory board. The interim management will be led by Jan-Knut Brune and Dr Urban Keussen.

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Wim Raaijen
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