Sale of German Wind Project After Complicated Negotiations
At the same time, Momentum takes over asset management of the whole wind park of 26 MW consisting of 13 Vestas 2.0 MW wind turbines.
After nearly a year of complicated negotiations with Momentum as the facilitator, we have succeeded in collecting a group of independent Danish owners, in a 26 MW wind park in Germany with the aim to conduct a collective sale of their wind turbines to a new buyer.
The buyer, as it turns out, is one of Momentum’s close business partners – a German/Spanish private equity fund.
As of 1 January, Momentum Gruppen A/S’s subsidiary in Germany, Momentum Deutschland GmbH takes over the technical and financial management in an agreement running until 2028.
The deal ended an extremely successful year 2019 for the whole Momentum Group, and we expect to have similar transactions in the near future that will benefit both buyers and sellers of clean energy solution assets.