HomeRenewablesE.ON in talks over offshore wind park stakes

E.ON in talks over offshore wind park stakes

German utility E.ON (FWB:à‚ EOAN) is willing to sell minority stakes in its offshore wind parks and is holding preliminary talks with interested parties, Financial Times Deutschland quoted the head of its renewable operations as saying.

Additional funding would enable the company to build bigger parks in the future, the newspaper cited Mike Winkel, chief executive of E.ON Climate & Renewables, as saying in an interview.

E.ON said in December it would spend $9.2bn over the next five years to expand its renewable energy business, as the group steps up its efforts to adjust to the end of nuclear power in Germany.

E.ON is the world’s third-largest operator of offshore wind parks behind Vattenfall and DONG Energy. The company currently operates five offshore wind parks, while four projects are under construction.

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