Momentum Gruppen A/S and OX2 start cooperation for repowering projects in Germany

Press release ⎜2019-12-17

The German/Danish asset management company Momentum Gruppen A/S and OX2 Wind GmbH have started a cooperation for the repowering of older wind turbines in Germany.

Many years of experience in various sectors of wind energy have encouraged the two companies to create valuable synergies in order to ensure a smooth repowering process. The cooperation began at the end of 2018 with an initial project and it now comprises three wind farms in the German states of Mecklenburg-West Pomerania and Lower Saxony.

“We are delighted about the productive collaboration with Momentum Gruppen and recognise the great potential offered by the projects. By repowering existing wind farms, electricity production can be multiplied significantly while simultaneously reducing the number of turbines. This is both a promising development from the point of view of the energy industry and a valuable contribution to a sustainable and independent power supply in the regions,” says Jonas Klatt, Country Manager Germany at OX2 Wind GmbH.

“By repowering existing wind farms, electricity production can be multiplied significantly” Jonas Klatt, Country Manager Germany at OX2 Wind GmbH

“For Momentum, it is crucial that we enter into strategic alliances which are ultimately for the benefit of our customers. For us, the primary objective is to find attractive solutions from which our customers can profit in the long term. As a strong partner in the field of repowering, OX2 has proven that it meets our demands for transparent, focused and effective cooperation. Working with OX2, it has been possible to further advance selected repowering projects, enabling us to look forward to the next milestones with great optimism,” adds Kristian Månsson, Director for Asset Management Wind and Solar.

“For Momentum, it is crucial that we enter into strategic alliances which are ultimately for the benefit of our customers.” Kristian Månsson, Director for Asset Management Wind and Solar at Momentum Gruppen A/S

About Momentum Gruppen

Based in Roskilde, Denmark, Momentum has been providing asset management (technical and commercial management) in Denmark, Germany, Sweden and other European countries since 2002. Its customer base includes private individuals, family offices as well as institutional investors and asset owners. Overall, Momentum manages in excess of 700 MW of solar and wind projects. With more than 25 motivated and committed employees, Momentum is able to cover the entire value chain of a renewable energy project. Further information can be found at www.momentum-gruppen.com