Vattenfall aquires German offshore wind farm Global Tech II

Vattenfall is sending out a clear signal for the location of Germany, because the new wind farm, which is still in the planning stages, would only be implemented under the new EEG which has been under a lot of fire from the industry.

“The acquisition underlines once more that our growth ambitions in wind are under full steam. As a company we are on a good way to reshape our generation portfolio towards more renewable energies in all our markets”, says Gunnar Groebler, Senior Vice President and Head of Business Area Wind at Vattenfall. “With Global Tech II we also send a signal that we strongly believe in the German market. In particular we consider the new German tender system beneficial to the development of wind as it is more cost efficient, which will also lead to further acceptance of this effective and renewable power generation.”