Fred Olsen Renewables (FOR) buys 51% stake in Global Wind Power France
Fred.Olsen Renewables (FOR), a wholly owned subsidiary of Bonheur ASA and Ganger Rolf ASA, has recently acquired a 51% stake in Global Wind Power France ApS from Global Wind Power Europe, a Danish company with activities in France, Germany and North Africa.
Global Wind Power Europe is a international project developer specializing in developing, implementing, selling and managing wind turbine projects for professional investment.
The Denmark developer operates nearly 600 MW of onshore capacity. The company has more than 300 wind turbines built in 57 wind parks across Europe and a large 1.5 GW pipeline of projects at all stages of development.
David Brunt, CEO of FOR, stated:
“We are very much looking forward to our partnership with GWP Europe. Our objective is to follow GWP France’s existing business strategy, providing financial resources to help grow the business and providing support to the team, headed by GWP CEO Michael Sandager.”
Henrik Amby CEO of GWP Europe, added:
“In Fred. Olsen Renewables we believe that we have found a perfect match for our business. Communication has been open, constructive and positive, and it has been important for us to find a strong partner with a shared long term vision in renewables”.
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