Successful transaction: ENGIE has acquired IFE Eriksen AG

Berlin - The energy company ENGIE is continuing its growth course in renewable energies in Germany. With the acquisition of IFE Eriksen AG, ENGIE is taking over three wind farms with a total of 33 megawatts. 

The sellers are Smit Asset Management GmbH with 41%, SB Asset Management GmbH with 54% and a private individual.

The purchase includes the Bösel-Kündelmoor wind farm in Lower Saxony, consisting of 10 wind turbines with a total output of 30 megawatts, as well as the Klosterfelde wind farm in Brandenburg with one wind turbine with an output of 3 megawatts. The wind farms went into operation at the end of 2014/beginning of 2015. The 11 turbines in total are ENERCON E-101 turbines, which reach a total height of approx. 185 meters. In the next step, the turbines will be integrated into ENGIE Deutschland Erneuerbare GmbH, which will also take over operational management from 2024.

"I am pleased that we are further advancing our growth targets in Germany with this transaction and the potential of the sites. The purchase of wind farms and projects is an important building block for this, in addition to the project development of greenfield wind and ground-mounted photovoltaic plants and the repowering of our existing wind farms," says Ralf Schürkamp, Chief Renewable Officer ENGIE Deutschland AG.

The acquisition of the wind farms increases ENGIE's onshore wind portfolio in Germany by 15% to around 250 megawatts.  

With 38 gigawatts of installed renewable capacity, the ENGIE Group is one of the TOP 5 companies worldwide in renewable energies and plans to invest over 13 billion euros in renewable energies from 2023 to 2025, half of which in Europe.

 ENGIE has acquired IFE Eriksen AG, increasing its onshore wind portfolio in Germany by 15 per cent to 250 megawatts.