- Published: 30 March 2021 30 March 2021
The Aloys Wobben Stiftung (AWS) and the EWE AG have launched their joint venture for the project management and operation of onshore wind energy projects.
Following the approval of the antitrust authorities, the shareholders’ and investment agreement signed in December came into force and the new company Alterric commenced its operations. The AWS (sole shareholder of the Aurich-based wind energy converter manufacturer Enercon) and the EWE each hold 50 per cent of the shares in Alterric.
The shareholders have brought the existing wind farms and onshore projects belonging to Enercon and EWE into their joint venture. This means Alterric has more than 2,300MW of installed power in its portfolio in total, and a project pipeline of more than 9,400MW. The aim is to add more than 200MW every year and expand the portfolio to up to 5GW in 2030. Investments totalling around four billion euros are planned by 2030. As well as adding to its own portfolio of wind energy converters in the core markets, Alterric will also develop customer projects. Alterric will operate independently and is not integrated in the organisational structures of the parent companies. Alterric will pursue an approach that does not tie it to manufacturers in realising its projects. The company will be managed by EWE, while the Aloys Wobben Stiftung will chair the supervisory board. The interim management will be led by Jan-Knut Brune and Dr Urban Keussen.