Axpo successfully finalises the takeover of the wind farm developer Volkswind

Share

16.10.2015 - Axpo has received final approval from the European authorities to purchase Volkswind GmbH and will thus become a key player in the construction and development of wind power plants in Germany and France.

On 16 July 2015, Axpo stated that the company had reached an agreement to purchase Volkswind GmbH, one of the leading developers and operators of wind farms in Germany and France. The acquisition has now been finalised. The merger control authorities in the separate European Union countries have agreed to the purchase.

With the purchase of the company, Axpo takes over 29 operating wind farms with a total capacity of 145 megawatts (MW), and acquires a major project pipeline in France and Germany, 460 MW of which has already been granted construction approval and another 2,740 MW in various stages of development. The core business of the company, which is considered to be a pioneer in wind farm development, is the construction and operation of wind power plants. Volkswind has completed more than 60 wind farms to date. When it comes to customers, the company has a broadly diversified portfolio, with Germany and France counting among its key markets. Axpo will take over and strengthen Volkswind's entire workforce.

Christoph Sutter, Head of the New Energies division at Axpo, is pleased about the takeover: "For us the acquisition is a monumental step forward in the quest to grow our business with renewable energies. Axpo is thus entering a new business area: with the development and construction of wind farms we will be able to substantially increase our added value in the future. In conjunction with the experience that Axpo has gained across Europe in wind farm management, we now find ourselves in an excellent position."

Katja Stommel, CEO of Volkswind, comments: "The successful merger with Axpo is a great achievement for us. We have found the best partner to take Volkswind to the next level and fully exploit the potential of the company."

Axpo Holding AG

Corporate Communications

medien@axpo.com

T 0800 44 11 00 (Schweiz) 
T +41 56 200 41 10 (International)

(08.00 - 17.30)

More media releases

Show all

Company 11.12.2019

Axpo significantly increased its operating result – success in trading and renewables

Read more

Solar energy 04.03.2020

Axpo to build solar plants for Paris airports

Read more

International business 20.01.2020

Axpo UK signs deal for energy supply and wholesale market access with So Energy

Read more