The investment initiative for the development of 76 MW of the onshore wind projects in Poland and France was made by German energy giant RWE AG (ETR: RWE). The firm will use approximately €95 million ($115.3 million) to develop four wind turbines, three of which are in France and the other in Poland. It reported that this 26-MW Les Pierrots project represents its premiere in France for being the first to join construction. Work is expected to start this quarter on two French ventures and one in Poland.
By purchasing last year’s European solar and wind power production pipeline from compatriot Nordex SE (ETR: NDX1), RWE took ownership of the four projects. In the Centre-Val de Loire area, the Les Pierrots wind farm is being constructed, while in the north part of France, the 15-MW Martinpuich and 18-MW Les Hauts Bouleaux will be located. The 17-MW Rozdrazew, a Polish facility, will be built 80 kilometers southeast of Poznan. RWE said that by the end of the year 2022, it plans to increase its net power generating capacity to over 13 GW. The strategy would concentrate on Europe, North America, and the Asia-Pacific region and require some €5 billion of net investment.
All of these ventures resulted from the acquisition of Nordex SE’s European onshore wind as well as solar production business that RWE purchased in November 2020. This purchase added to the RWE’s current 22 GW production portfolio an additional 2.7 gigawatts (GW) in France, Sweden, Spain, and Poland. The majority of the current portfolio is centered in France, with 1.9 GW. A team of over 70 workers with significant expertise in this sector, which is now a portion of RWE Renewables, was also included in the production business.
Katja Wünschel, Chief Operating Officer of Wind Onshore as well as PV Europe & APAC, the RWE Renewables, stated: “We aimed to broaden our market presence, particularly in France, via the purchase of the Nordex program pipeline in the year 2020. By acts, we are already following our words. In France, the very first three onshore wind projects are being built, and construction on one of the projects has already started. We remain persistent with making use of the development opportunities which come our way, as this illustrates. It also demonstrates our commitment to further develop our role as one of the world’s largest manufacturers in green energy.” For over 120 years, night and day, RWE Company has been consistently providing people and enterprises with energy.https://bollywood-entertainment.com/