Swiss Developer Buys 12 Clean-Energy Plants Across Europe

Kleinkraftwerk Birseck AG, a Swiss low-carbon energy developer, bought 12 clean-power plants across Europe.

The Muenchenstein-based company acquired 26.8 megawatts of solar and wind-energy facilities in France, Germany, Italy and Switzerland. The purchases may boost earnings before interest and taxes by at least 2.8 million Swiss francs ($3 million), it said Thursday in a statement without disclosing terms.

The developer is also in the final stages of talks to buy a 1.8-megawatt hydropower plant in Norway and an 8-megawatt wind farm in France that are already operational.

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