LKW and Repower invest in German wind farm
Repartner Produktions has agreed a deal to purchase a wind farm with five wind turbines located in Berlar, Germany. Liechtensteinische Kraftwerke (LKW) holds a stake of just under 10.4 percent in Repartner Produktions, which is in turn majority owned by Repower.
At the beginning of the new year, Repower moved to expand its portfolio of wind farms in Germany, the energy provider from the canton of Graubünden writes in a press release. Specifically, Repower has acquired a wind farm located in Berlar in North Rhine-Westphalia. The wind farm features five turbines, while the total output of 7.5 megawatts should produce around 14.4 gigawatt hours of power per year. The press release did not disclose any details regarding the purchase price.
According to the press release, the Graubünden energy provider already operates a wide range of wind farms in both Italy and Germany. Its latest acquisition is set to be integrated in the German firm Repartner Wind GmbH, which is wholly owned by the Graubünden-based Repartner Produktions AG, which is in turn itself majority owned (51 percent) by Repower. With a stake of 10.39 percent, LKW holds the largest minority stake in the company.
Repower’s aim is to offer is shareholders “access to diversified, renewable energy production” via Repartner Produktions AG, the press release explains. In addition to Repower and LKW, other Swiss energy companies maintain stakes in Repartner Produktions AG. These include Eniva, WWZ and EKZ (Elektrizitätswerke des Kantons Zürich), a utilities company located in the canton of Zurich.
“For LKW, this investment is a real win”, says Gerald Marxer, Chairman of the Board of Directors of LKW, in the company’s own press release covering the acquisition of the wind farm. He adds: “On the one hand, this allows us to increase in-house production, while on the other we are investing in renewable production technologies in line with our strategy”.