Momentum grouped together a team of Danish owners of a larger German wind project and has just facilitated the sale of their wind turbines to a German/Spanish private equity fund in a deal that has created great added value to the owners.
OX2 Wind GmbH and Momentum Gruppen A/S have started a cooperation for the repowering of older wind turbines in Germany. Many years of experience in various sectors of wind energy have encouraged the two companies to create valuable synergies in order to ensure a smooth repowering process.
Momentum is growing it´s presence and business in Sweden and are now opening a new office just outside Gothenburg. It is important to be close to our customers and their assets (wind- and solar farms) and make ourselves accessible.
Momentum Visits The Faroe Islands’ Largest Windfarm just outside Tórshavn. The Faroe Islands main energy sources are oil 51%, hydro 31% and wind 18 % (2018). The target is to be totally independent from fossil fuel by 2030 by increasing investments in wind-, solar- and water production facilities.
The Danish Consulate General in Hamburg invited leading Danish solutions providers to participate in the seminar “The German O&M Market”. We shared the experience Momentum gained from continued operation, Life Time Extension and repowering based on projects, where Momentum is the asset manager.
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.