Danish wind developer adds 215 MW to portfolio

Danish wind developer Momentum Gruppen is increasing its volumes with the acquisition of two wind turbine managers. Growth is necessary for survival in a market under increasing pressure, says the CEO while announcing the launch of a large fund.

Photo: Örjan Hedblom, Svensk vindkraftförening

Danish Momentum Gruppen is significantly developing its business. The service company operates within development, procurement and the management of solar and wind projects, and has now taken over the two companies IWE and Wickmann Wind, thereby acquiring the management of about 215 MW in projects located in the UK, Germany, and Sweden. A necessary development, says the company's CEO Kim Madsen.

"Volume is the essential part of this purchase, because we're experiencing a clear shift towards increasingly large entities. Things are being combined and large players are acquiring smaller players to benefit from the synergies. A small-scale player doesn't stand a chance anymore," he says, although mentioning one reservation.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

NKT targets double revenue in business unit

The Danish cable manufacturer closes the second quarter with flying colors, with a record-sized order book resulting in factory expansion, which along with other extensions propels the Solutions division forward to nearly doubling its top line.

Uniper hits Q2 net deficit of EUR 9.3bn

Just as expected, the German utility is hit hard by supply commitments forcing natural gas purchases on the wholesale market. State bailout keeps the business floating.

US IRA bill compromises leave sour taste with activists

Now signed by the US president and thus fully formalized, the watered-down version of Biden’s climate campaign bill – full of compromises to get conservative Democrats on aboard and thus attracting critique from many observers – nonetheless contains the nation’s most sweeping legislation supporting the green transition to date, thereby on account of sheer size reviving some hope of averting the worst outcome for global climate.

Further reading

Related articles

Latest News

See all jobs