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Vattenfall makes an offer on a British wind company
Source: Vattenfall AB
Vattenfall announced on Thursday that it is to make an offer on Eclipse Energy UK Plc, a British company.
“As part of our strategy to reduce emissions, Vattenfall has ambitious plans within the renewable energy sector. Vattenfall’s view is that the UK is a suitable target market for its future renewables growth for a variety of reasons including a well-functioning support system, a deregulated and competitive market for electricity and an openness to foreign investment,” says Lars G Josefsson, CEO, Vattenfall AB. Eclipse’s strategy is to develop, manage, and own projects dealing with renewable energy and natural gas. The company has a permit for the offshore wind farm project Ormond in north-western England, a 150 MW project, as well as natural gas projects, and five other wind power projects in southern Wales. “Eclipse is a reputable and well managed company with good experience in this field and has developed important projects which are consistent with Vattenfall's business and ambitions”, says Lars G Josefsson. Vattenfall discloses this information pursuant to the Swedish Securities Market Act.
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