Thuega, ESWE Buy Seven German Wind Farms Amid Clean-Energy Push

Utilities Thuega AG and ESWE Versorgungs AG bought seven onshore wind farms in Germany with a combined capacity of 87.6 megawatts from developer WPD AG.

Thuega Erneuerbare Energien GmbH, which seeks to invest 1 billion euros ($1.3 billion) in renewable generators by 2020, acquired 58.4 megawatts while ESWE bought 29.2 megawatts, Thuega said in a statement. It didn’t disclose terms.

The farms, which are located in Mecklenburg-Western Pomerania, Brandenburg, Hesse, Saxony-Anhalt and Thuringia, consist of 22 Enercon GmbH machines and 17 Vestas Wind Systems A/S (VWS) turbines, the company said.

“We were able to double our wind farm portfolio to 204 megawatts compared to 2012 with this transaction,” Michael Reichel, a Thuega board member, said in the statement.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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