Wednesday, September 21, 2011

German utility Stadtwerke München and German developer wpd target Canada through joint venture for future renewable energy projects

Stadtwerke München has taken a 33% stake in German wind developer wpd's onshore wind projects in Europe and Canada. The deal is reported to include 70 MW of operational wind assets and a project pipeline of over 4 200 MW in 12 European countries and Canada.

Stadtwerke München (SWM) has the ambitious aim of generating 100% of all energy from their own renewable generation facilities sufficient to power the entire city of Munich, Germany which has a population of over 1 million inhabitants.

Wpd has projects in the Canadian province of Ontario and was awarded 5 contracts under the Ontario feed-in-tariff program. It is expected that with the additional financial resources of Stadtwerke München, wpd will develop projects in other Canadian provinces.

3 comments:

  1. The deal is reported to include 70 MW of operational wind assets and a project pipeline of over 4 200 MW in 12 European countries and Canada.
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