RWE and Nordex Close Transaction for Onshore Wind Assets

Wind Industry Profile of

Acquisition of 2.7 gigawatts project pipeline from Nordex successfully concluded / Strong foundation for further expansion of RWE’s renewables business in Europe / Nordex’ mostly France-based development team joining RWE Renewables

RWE and Nordex SE have successfully completed the process of acquisition of Nordex’ European onshore wind and solar development platform by RWE. This comprises a development pipeline of in total 2.7 Gigawatts (GW) in France, Spain, Sweden and Poland. With the acquisition, RWE strengthens its development platform in France with an overall pipeline of 1.9 GW in various project phases. 15% of the pipeline projects are close to final investment decisions (FID) or in late development stages; approx. 230 megawatts have secured Contracts for... ... More: Official Press Release RWE

Keywords:

RWE, Nordex, manufacturer, turbine, transaction, France, renewable energy, development, acquisition, onshore, pipeline, gigawatts