Vattenfall Acquires Global Tech II Project

The Global Tech II project is owned by Northern Energy Global Tech II, which Vattenfall has acquired as of 5 August. The seller is Erste Nordsee-Offshore-Holding, a joint subsidiary of Austrian STRABAG SE and indirecly Etanax GmbH. The parties have agreed not to disclose the purchase price.

Gunnar Groebler, Senior Vice President and Head of Business Area Wind at Vattenfall, said: “With Global Tech II we also send a signal that we strongly believe in the German market. In particular we consider the new German tender system beneficial to the development of wind as it is more cost efficient, which will also lead to further acceptance of this effective and renewable power generation.”