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American equity in German wind for Dutch utility
1 April 2007
Deutsche Essent, the holding company for the German activities of Dutch energy company Essent, will install 138 MW of wind capacity in Germany this year. Seven wind stations with a combined capacity of 86 MW will go up in Lower Saxony before being made over to American private equity company ArcLight Capital Partners for an undisclosed sum. Deutsche Essent will operate and manage the turbines. Ownership of the remaining 52 MW will remain with Deutsche Essent, which in total owns 480 MW of wind capacity, of which 390 MW is located in Germany. The new German projects, for which no details or location are given, will raise its German total to 442 MW at the end of 2007.
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