Vattenfall head of wind: We are not desperate for acquisition

The Swedish energy company does not plan on acquiring additional wind farm owners, says Head of Business Area Wind Gunnar Groebler. He unveils that Vattenfall is also following floating offshore wind closely.
Photo: PR Vattenfall
Photo: PR Vattenfall

Besides regularly supplying the pipeline with acquisitions of development projects, Swedish utility Vattenfall does not immediately aim for market consolidation through acquisitions of additional wind farm owners, says Head of Business Area Wind Gunnar Groebler in an interview with Ritzau Finans in Bilbao.

"We're seeing consolidation in the supply chain with Nordex and Acciona as well as Siemens and Gamesa, and we're also seeing it in other parts of the supply chain. However, as a developer we're seeing that there is sufficient room on the different markets."

"Some of those that were there at the start have left the market, and others enter. I can't rule out mergers and acquisitions, but we're not desperate for acquisition targets," says Groebler.

Following floating offshore wind

Swedish company has not yet engaged in floating offshore turbine projects, but it may in the future, Groebler adds in the interview.

"We haven't engaged in any of the current floating offshore turbine projects. There is a lot of activity in the field, and we're certainly monitoring it very closely," says Groebler.

He also notes that Scotland has announced that part of its fourth tender round will include a floating offshore wind project.

"So floating offshore wind turbines will be part of the mix going forward, and I think staying in offshore means being able to play both strings, both with pylons on the seabed and with floating technologies," says Groebler.

English Edit: Jonas Sahl Jørgensen

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