Allco joining Europe's wind-farm market

Adelaide Advertiser
Tuesday 20/3/2007 Page: 43

Allco Finance Group is increasing its investment in wind energy, making several new investments to secure a foothold in the European renewable energy market. The company has purchased four German wind farms from developer WPD AG for an undisclosed sum. Allco will take ownership of all but one of the farms immediately, with the final one to change hands later in the year.

When the deal is completed, Allco's wind energy division will have 64 megawatts (MW) to feed into the European market.

Hot on the heels of that deal is an in-principle agreement with JUWI GmbH to buy another eight wind farms in Germany and France, adding a further 48.5MW. Allco said it had eight wind projects under construction or in operation in the U.S. and Europe, plus a pipeline of developments in excess of 2000 MW.