Blue Elephant Energy to acquire 381MW wind portfolio in Germany

Blue Elephant Energy (BEE) has agreed to get a 381MW onshore upwind portfolio successful Mecklenburg-Western Pomerania successful bluish Germany from Rostock-based WIND-projekt.

The acquisition volition summation Blue Elephant Energy’s upwind powerfulness capableness successful the state to 533MW, a three-and-a-half-fold rise.

Upon completion, the company’s full portfolio volition scope 2.1GW, with upwind accounting for astir 25% of its wide assets.

The portfolio progressive successful the woody includes 37 operational upwind farms providing 260MW. It besides has 4 upwind developments nether operation with a combined capableness of 46MW, scheduled for commissioning successful 2026.

Three much sites totalling 75MW are besides portion of the woody and are owed to beryllium transferred to BEE astatine the commencement of their operation phase. These upwind farms are expected to travel online successful 2027.

The projected yearly output of the wide portfolio is capable to proviso energy to astir 33,000 households.

The upwind farms run nether the Renewable Energy Sources Act and connection semipermanent imaginable for repowering.

WIND-projekt transaction pb Stephan Eckermann said: “We are delighted to person recovered a beardown spouse successful BEE with greenish DNA that suits america perfectly.

“In the future, we privation to proceed moving unneurotic arsenic a work supplier successful the method and commercialized absorption of BEE, arsenic good arsenic successful the implementation of upcoming projects, and turn unneurotic arsenic partners.”

BEE was established successful 2016, and focuses connected solar, upwind and artillery retention crossed Europe.

Regulatory support from authorities including the German Federal Cartel Office is required earlier last closing, which is anticipated successful the archetypal 4th of 2026.

BEE main concern serviceman Tim Kallas said: “With this acquisition, we are securing a high-quality portfolio and tripling our upwind portfolio successful 1 of our halfway markets.

“Beyond this transaction, we are readying further collaborations with WIND-projekt and look guardant to continuing our cooperation.”

Since its inception, BEE has built a task pipeline amounting to 9.5GW, alongside its installed capacity.

"Blue Elephant Energy to get 381MW upwind portfolio successful Germany" was primitively created and published by Energy Monitor, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.