Solar World secures wind turbine supplies

Google Translate

In consortium with three financiers, German solar and wind energy company Solar World of Bonn has paid an undisclosed amount for a 20% stake in wind turbine manufacturer Fuhrländer. Solar World gained the largest share at 6.25%, with its three partners -- Independent Capital, Schnigger and AHAG -- sharing the rest. "We will be installing about 100 MW of wind capacity by the year 2003, and we wanted to secure the equipment," says Frank Asbeck of Solar World. "It's a supplier's market at the moment and we want to be sure that we don't risk a shortfall in supplies." Solar World's supply focus is the new Pro and Pro MD70 1.5 MW machine to be marketed by, among others, Fuhrländer this year (Windpower Monthly, December 1999). "There are synergy effects here," Asbeck says. "We need turbines and Fuhrländer urgently needs capital to expand. Fuhrländer's sales will triple next year -- thanks to contracts for turbines abroad that are already in-house -- so Fuhrländer needed to boost its own capital."

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in