Momentum Sweden AB has performed their first divestment of a wind power project (green field) in the county of Örebro, Sweden. Wind power developer and asset owner Stena Renewable AB is the buyer of the project rights to this development project Odensvi.
Through its subsidiary Momentum Deutschland GmbH, the Momentum Gruppen has acquired FWS GmbH in Flensburg, which carries out the technical management together with legal inspections and assessments for PV plants and wind turbines.
On 20 September 2019 Momentum Gruppen A/S moved a little further down the street from No. 4 to No. 81. With the growth we have experienced in recent years, we have come to realise that the cozy surroundings of the house on Københavnsvej No.4, no longer fit our needs.
Momentum planned to build a dozen new wind turbines in the offshore windpark Bockstigen along the coast of Gotland, Sweden, when the message arrived that the power cable between Gotland and mainland Sweden would not be expanded. Something had to be done.
Our CEO, Kim got surprised when he began to receive a lot of congratulations on LinkedIn. It turned out that it was his 14 year’s anniversary at Momentum. This spawned some reflections on how Momentum and the industry has developed.
The current electricity pricing of 0.02-0.03 EUR (average EEX, Nordpool) is causing enormous challenges for wind turbine owners, and if the electricity pricing continues at such low levels, it can turn into an economical disaster.