EnBW to Sell 20% stake in German wind farms to locals

Energie Baden-Wuerttemberg AG (EBK) will sell a 20 percent stake in its German onshore wind farms to a group of regional energy companies.

EnBW, Germany’s third-largest electricity supplier, agreed today to sell the stake in its facilities with a combined capacity of 156 megawatts to 12 companies, mostly municipal utilities, from its home state Baden-Wuerttemberg, the Karlsruhe-based company said in a statement. EnBW will continue to operate the wind farms situated in 17 locations and didn’t disclose a price.

EnBW plans to get finance to develop new wind farms and is open for additional partners, it said.

Read more at Bloomberg Businessweek