Vattenfall agrees to acquire Atlantis I

Vattenfall, a European energy company, has signed an agreement to acquire the German company PNE WIND Atlantis I.

The sale and purchase of the company is still subject to various closing conditions.

Vattenfall senior vice-president and business area wind head Gunnar Groebler said: “The acquisition of Atlantis I is a very good start for us into the new year and I am really delighted.

“After our successful participation in the tender rounds in Denmark last year where we could reinforce our offshore wind portfolio with another 950 MW, we are now well on track in the German market as well.

“In this context we explicitly welcome the change towards the auction system under the new EEG regime also in Germany."

Atlantis I is an offshore wind project that is located in the German North Sea 84km north-west off the island of Borkum and is owned by PNE WIND Atlantis I.

The project site has the capacity to hold up to 73 wind turbines of multi megawatt class.

PNE WIND will continue to be part of the project for the further developments and support the project by providing its expertise and knowledge about Atlantis I.

Vattenfall already acquired the offshore wind project ‘Global Tech II’ last year.