As of September 1st, a team of 7 new, but very experienced employees will strengthen the subsidiary Momentum Energy Services in Germany and additionally, a new physical location will be opened in Osterholz-Scharmbeck near Bremen where the new colleagues will work from.
Summer is soon coming to an end and everybody is returning from well-deserved holidays and “back in business”. But we are not coming back to business as we were used to just months ago.
The challenges we have met have also influenced Momentum. But by continuously analyzing and evaluating the situation during the last 5 months lock down of the societies around us, we have changed our way of working and thinking – and it has ended up primarily effecting us in a positive way.
Momentum Germnay welcome a new colleague, Sonja Warnecke on the 1st of August . Sonja joins our German Commercial Management team in Flensburg as Senior Accountant. She will help to strengthen our daily business within asset management of wind and photovoltaic plants.
The Momentum group in Roskilde came out in 2019 with a consolidated result in the parent company, Momentum Investments ApS, of 18.8 mDKK after tax against 8.0 mDKK in 2018. The result is the best in the history of the group.
We are constantly making sure that all our projects under management are running smoothly.
Here is an example where one of our technical teams from Momentum Germany and a team from a partner company were on the road in East Germany to inspect two wind farms.
On the 2nd and 3rd of June our technician, Björn Johansson from Momentum Sweden AB, visited Offshore Wind Farm Bockstigen. The wind farm is situated 5 kilometers from the coastline of the beautiful Swedish island, Gotland.
Did you know that Momentum is conducting Drone Inspections? Momentum often performs drone inspections in connection with turbine controls, where we review the current state of a turbine. Drone inspections are carried out to ensure continuous control of the condition of the blades.
Through Momentum Energy Group ApS, Momentum has acquired OX2 Wind GmbH in Hamburg, which carries out green field development of wind projects in Germany. The date of transition is set to April 1 2020. All 7 employees are offered continued employment at Momentum.
Momentum Energy Group has sold Windpark Bockstigen in Gotland and signs a 5 years asset management contract with investor. After one year’s successful operation with an availability of over 99 % and more than a 100% increase in production compared to earlier, the windpark was sold to a Danish investor in December 2019.
As all news media shows, Denmark is shutting down to contain the spread of the Corona virus. We have developed a thorough plan and organization of all tasks to ensure continuity of all customer projects.
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.