The Aloys Wobben Foundation, sole shareholder of Enercon and energy service provider EWE have signed a corresponding shareholder and investment agreement which stipulates that each side holds 50 per cent of the shares and that the existing Enercon and EWE wind farms and onshore projects will be incorporated in the future joint venture.
Investments are planned with a total volume of up to € 4 billion by 2030. The company headquarters will be in Aurich, although the approximately 200 employees in the core markets are expected to be distributed at several locations including Oldenburg. Closing of the transaction, which is expected to take place in spring 2021, is subject to approval by the antitrust authorities. The new company will have more than 2,300MW of installed capacity and a project pipeline of over 9,400MW. The goal is to expand by more than 200MW annually and to increase the portfolio to as much as 5GW in 2030. The company takes a manufacturer-independent approach in the implementation of its projects. Corporate management will lie within EWE’s remit, while the Aloys Wobben Foundation will appoint the chair of the Supervisory Board.