Big German developer denies sales rumors

Business media reports WPD to be exploring a sales process due to factors including a problem-stricken offshore wind farm in Taiwanese waters. False reports and misinformation, the project developer states.

BY MAZ PLECHINGER, TRANSLATED BY DANIEL FRANK CHRISTENSEN

One of Europe's big project developers, German WPD, is rumored to be exploring a sale. According to domestic business media Manager Magazin, investment bank Nomura Greentech was hired last year to find a buyer for the developer's service business, Deutsche Windtechnik, also reported to have been given an extended mandate to sound the market for either a partial or full equity divestment.

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WPD to establish just under 2GW in the Black Sea
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WDP signs 1GW PPA in Taiwan
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