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Australian Allco hits Europe
1 April 2007
Agreements signed by Australia's Allco Wind Energy with two German developers to acquire a combined capacity of 112 MW in Germany and France "kick off Allco's wind energy business in Europe," it says. The company, which is part of Allco Finance Group's infrastructure division, says the deals represent just "the first of a strong pipeline of [wind power] transactions in the EU." From WPD, Allco is buying three wind projects in Germany with a combined capacity of 60 MW, with an additional 4 MW plant to be added later this year. And from Juwi it is acquiring eight wind projects with a combined capacity of 48.5 MW split between Germany and France and using a mix of Vestas and Enercon turbines. The first of these projects, the 6 MW Ober Kostenz station of Vestas 2 MW machines, has now been transferred to Allco's ownership. Allco says it has a global project pipeline "in excess of 2000 MW."
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