Axpo has signed the sales contract for the acquisition of Volkswind GmbH, a wind farm developer and operator in Germany and France.
With the purchase of the company, Axpo takes over 31 operating wind farms with a total capacity of 154MW, and acquires a project pipeline in France and Germany, 460MW of which has already been granted construction approval, and another 2500MW in various stages of development. The new Axpo subsidiary will continue to operate under the name Volkswind, and remain largely independent. The parties have agreed not to disclose details of the sale. The acquisition will be finalised in the last quarter of 2015 after approval by the merger control authorities in the individual EU countries.
