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Strabag Takes Majority Stake in Project Companies for Offshore Wind Power Plants

Published: May 23, 2011; 12:03 · (Vindobona)

The Austrian construction company acquires a 51% interest in a project portfolio with possible 850 locations in the German North Sea.

Strabag Takes Majority Stake in Project Companies for Offshore Wind Power Plants / Picture: © Flickr

Strabag signed an agreement on acquiring a 51 % stake in two holding companies to develop, build and operate offshore wind power plants. With the transaction, the company extends its existing competence as a builder of wind power facilities.

Strabag and project developer Northern Energy Projekt GmbH, represented by its managing director Günter Eisenhauer, have contractually…

This article includes a total of 370 words.

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