Your Web Site
Swedish energy giant outlines plan for UK expansion as £126.6m takeover delivers five-fold increase in wind capacity James Murray, BusinessGreen, 09 Oct 2008 Swedish energy giant Vattenfall has this week underlined its commitment to expanding its presence in the UK's renewable energy market, shelling out £126.6m in cash to acquire the wind energy operations of power conglomerate AMEC. The deal sees Vattenfall take over all of AMEC Wind Energy Limited operations, giving it ownership of nine projects that are under construction or have gained planning permissions with a combined capacity of 547MW. Currently, Vattenfall's only presence in the UK's wind sector is the Kentish Flats offshore wind farm, which boasts a capacity of 90MW. "The deal increases our capacity in the UK more than five-fold and gives us a really good base... [read full story]
