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.
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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