Eneco will also launch a public takeover offer on the remaining shares of Air Energy and will soon file a draft prospectus and the other relevant documents in this respect with the Banking, Finance and Insurance Commission of Belgium.
Eneco noted that, with this acquisition, it further strengthens its market position in the Northwest European wind energy sector. Air Energy is expected to gain from having a dedicated partner with proven expertise in the wind energy market.
As part of its renewable strategy, Eneco aims at producing a minimum of 5TWh of renewable energy in 2012, increasing to 14TWh in 2020. Eneco’s capacity objective for Belgium is a minimum of 1TWh produced or traded in 2012.
Air Energy reportedly fits perfectly into Eneco’s ambitious objectives with its 380MW wind portfolio, of which 55MW has been installed and 26MW is under construction.
