RWE Innogy Expands Business In Spain

RWE Innogy has acquired Spanish wind power operator Urvasco Energia S.A., Bilbao, which owns six onshore wind farms supplying a total of 150 megawatts (MW). Located in the regions of Aragon, Castilla-La Mancha and Andalucia, the new acquisitions bring RWE Innogy’s Spanish wind capacity to 350 MW.

The acquisition was conducted through RWE’s Spanish subsidiary Agrupacio Energias Renovables S.A.U. (AERSA). The wind parks generate approximately 365 gigawatt-hours (GWh) of electricity per year. 

“The wind farms are in the immediate vicinity of the wind farms of our Spanish subsidiary AERSA. The vast majority are also equipped with the same technology. This leads to important synergies, especially in operation and maintenance,” said Fritz Vahrenholt, CEO of RWE Innogy.

In related news, RWE Innogy said that it plans to construct close to 100 MW of wind farms in the Czech Republic following the acquisition of project development company AFE Bohemia. The company is taking over six wind energy projects in the Czech Republic with a volume of 100 MW. Building permission for the six locations in Bohemia and North Moravia is expected between 2009 and 2011.

“Together with RWE Innogy, we want to further develop the market for renewable energies in Central and Eastern Europe as it has a high potential for growth,” said Jürgen Meyer, Managing Director of AFE Bohemia.

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