Wpd to pursue large enlargement of onshore wind, photo voltaic portfolio

September 23 (Renewables Now) – German renewables developer Wpd AG is in search of to double its personal 2.3-GW portfolio within the subsequent three to 4 years with a deal with photo voltaic and onshore wind vitality, CFO Bjoern Nullmeyer mentioned on Thursday.

The corporate has enough monetary leeway to finance its enlargement after the sale of its offshore wind operations to New York-based fund supervisor World Infrastructure Companions (GIP) which was agreed in Could.

Presently, Wpd is engaged on the planning and implementation of a 2-GW pipeline in France with seven wind tasks totalling nearly 90 MW already beneath development. The pipeline in North America consists of developments with a mixed capability of 1.5 GW.

“On the worldwide scale, we see monumental development charges within the Asian markets. We’re reflecting this development with undertaking developments to the extent of round 800 MW in Japan, Taiwan, South Korea, the Philippines, Indonesia, Vietnam and Mongolia,” mentioned govt board member Hartmut Broesamle.

Final yr, the corporate financed 22 tasks with a capability of 380 MW throughout Germany. A few of these schemes are already beneath development and might be related to the grid by subsequent yr.

The development of the 31.5-MW Kantow wind park some 90 km northwest of Berlin is about to start in October with the primary preparatory measures. Wpd earlier this week ordered seven N149/4.X generators with a capability of 4.5 MW every from Nordex SE (ETR:NDX1) for the wind farm which ought to go surfing within the first quarter of 2024.

Within the coming years, the Bremen-based firm is planning to work on a 4.5-GW undertaking pipeline for wind and photo voltaic within the house market.

Till now, Wpd has carried out wind vitality tasks with a complete capability of 5,740 MW. Its undertaking pipeline consists of 13,870 MW of onshore wind and a pair of,300 MW of photo voltaic vitality.

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