Vårgrønn is advancing its commitment to renewable energy by entering the competitive German offshore wind market. The company, a joint venture between Plenitude (Eni) and HitecVision, has secured a 27.4% stake in the Baltic 2 wind farm , which has a capacity of 288 MW and is strategically located in the Baltic Sea, 32 km north of the island of Rügen.
Baltic 2 boosts Vårgrønn’s growth
The operation marks a milestone for Vårgrønn, giving it access to valuable operational know-how in the management of offshore wind farms. Baltic 2, managed by EnBW for operation and maintenance, contributes approximately 1,200 GWh of renewable energy annually , enough to power 340,000 homes and mitigate nearly 900,000 tonnes of CO₂ emissions .
Germany, a leader in renewable energy with ambitious goals of reaching 30 GW of offshore wind capacity by 2030 , becomes a key market for Vårgrønn’s growth.
Entering Germany strengthens our position in Europe and also provides a crucial platform for future investments and collaboration.
said Stephen Bull, CEO of Vårgrønn.
Ärzteversorgung Westfalen-Lippe, Germany’s largest pension fund, will retain a 22.5% stake in Baltic 2 . EnBW, which owns 50.1%, will continue to lead technical operations, ensuring continued efficient management of the park. This agreement also reinforces EnBW’s commitment to climate neutrality by 2035, underlining its massive investment in clean energy .
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Source: Vårgrønn
Photo: Shutterstock
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