Acquisition of OX2’s German Operations
Momentum is expanding further in Germany. 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.
With a strong focus on repowering and sourcing of new projects to our customers, local presence and knowledge is paramount.
In connection with the acquisition of OX’s activities in Germany, Momentum acquires 3 ongoing projects at various development stages. Momentum has been present in the German market for + 15 years conducting asset management and repowering of several wind- and PV plants in Germany. When OX2 decided to sell their activities in Germany, the opportunity to expand the value chain further arose.
Momentum now offers the full value chain from development of projects to technical, operational and commercial asset management as well as life-time extension, repowering and dismantling of wind and PV assets, in Denmark, Sweden and now also in Germany.
Expanding Our Presence
With the acquisition of OX2 Wind GmbH, Momentum now has offices in both Hamburg and Flensburg.
The subsidiary in Flensburg is handling the technical – and commercial management in the German market and currently has 5 employees. This will be expanded shortly with 3 more to a total of 8 employees.
The office in Hamburg will be handling all green field and repowering projects in Germany and is expected to have a team of 10, all involved in project development.
Together they form a strong presence for Momentum in the German market.
For more information or questions, please contact CEO Kim Madsen, firstname.lastname@example.org or +45 46 33 70 10.
If you have any questions regarding technical management, inspections and other services, please contact Christian Hammerthaler, email@example.com or +49 (0) 461-97886633.
For questions about buying and selling projects, please contact Christian Liebel, firstname.lastname@example.org or +49 (0) 175 5897 947.