Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

United Kingdom

United Kingdom

Falck puts 49% of assets up for sale

ITALY: Italy's Falck Renewables said it is seeking partners to acquire up to 49% in its operational renewable energy assets.

Falck's Boyndie 2 wind farm in Scotland
Falck's Boyndie 2 wind farm in Scotland

Additionally, Falck wants to co-develop future projects, as it pointed to banks' reduced willingness to finance projects, pressure on energy prices and a negative outlook for incentives.

The renewable energy group said it would begin by looking for an investor to acquire a minority stake in its 273MW UK wind assets. It has hired investment bank Rothschild to provide a valuation of assets on the sales block, which it expects to be completed early next year.

Falck now has installed wind capacity of 655.3MW, the lion's share of its total 716.4MW capacity.

According to a new 2013-2017 business plan presented today, the company plans to increase
wind capacity to 770MW by 2017 as it pushes forward only with projects already under construction
or authorised.

Falck said additional wind energy investments will be concentrated in areas with attractive renewable resources, such as the UK, and in countries with expanding renewable energy portfolios.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Search more than 4,500 companies in the Windpower Directory

Latest Jobs

[DAYS_LEFT] DAYS Subscribe Now

Left of your Windpower Monthly free trial

Your free trial Subscribe Now

to Windpower Monthly has expired