WKN USA has established itself as a well-known project developer of wind farms and, along with other projects, has built the USA’s highest wind park to date with a hub height of 105 meters for an Italian energy provider.
BayWa has secured great potential for realising onshore wind projects in a number of US federal states through this new investment in the USA. The project pipeline comprises around 110 megawatts in ready-to-build projects plus a pipeline of 1,000 megawatts.
"This acquisition underscores our strategy of expansion in a profitable future-oriented market, as there are huge growth opportunities for wind and solar in the USA. We also see great potential in the partnership with WKN AG", says Roland Schuler, Board member responsible for BayWa’s Energy Segment.
"The American renewable energies market is only at the beginning of leveraging its opportunities. In BayWa we have found a strong partner for the future when we will be realising these growth opportunities", states Wichard von Harrach, Chief Market Officer of WKN AG.
BayWa r.e GmbH is a wholly-owned subsidiary of BayWa AG. The Group has concentrated all its activities in the field of renewable energies under BayWa r.e and is positioning itself in this growth market. Through the subsidiaries of BayWa r.e, which operate internationally in the areas of biogas and photovoltaic plants and wind farms, BayWa has established itself as a project developer and trader in the renewable energies sector.
WKN AG
WKN AG has planned, installed and operated turnkey wind farms and solar power systems in Germany since 1990. In addition, WKN AG is also internationally represented by subsidiaries in numerous European countries, South Africa and the US. Up to now, the company has initiated and realized projects with a total of more than 1,050 megawatts capacity.
The headquarters of the WKN-Group are located at the “House of Future Energies”, an established center of excellence for renewable energy sources in Husum/Germany. 53.65 percent of WKN shares are privately owned by the company’s founder Volker Friedrichsen. About 17 percent are held by diverse private and institutional shareholders while 29.33 percent are in the hands of Siemens Project Ventures. The Chairman of the WKN Supervisory Board is Dr Klaus Rave.
WKN AG
House of Future Energies
Otto-Hahn-Strasse 12 – 16, 25813 Husum, Germany
Tel. +49 4841 – 89 44 100
Fax +49 4841 – 89 44 225
www.wkn-ag.de