Power firms buy wind farms abroad

EOS Holding of Lausanne has announced it is acquiring eight wind farms in Germany costing about €200 million (SFr245 million).

This content was published on May 27, 2011 - 10:52

A statement from the company on Friday said the farms had 88 turbines and provided enough electricity annually to power 80,000 households.

It added this would make EOS Holding one of Switzerland’s leading generators of wind power.

Also on Friday, BKW Energy of Bern announced it had acquired another two wind farms in Italy from Fortore Energia, which would strengthen its position as a producer of wind power.

A statement said the two farms at Buglia and Ripacandida were located in Italy’s windiest region, Apulia. With six wind farms, BKW would become one of the main wind power producers in Italy, it added.

The parties have agreed not to disclose the cost of the transaction, which has already been approved by the Italian competition authorities.

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