Asset manager WPO improves portfolio by 500MW

• Acquisition of Kaiserwetter's German, Danish as well as Spanish operations expected to nearby the end of the month

Europe-based asset supervisor WPO has actually acquired Kaiserwetter's German, Danish and Spanish asset management procedures including over 500MW to the former's 5GW portfolio of serviced wind and also solar.

The bargain likewise brings WPO's personnel matter to 100 specialized personnel.

The sale-purchase arrangement was notarised on 8 February as well as economic conclusion is expected by the end of the month.

WPO said that existing Kaiserwetter solution contracts will remain to be managed by the exact same groups with the included support of the whole WPO Group.

WPO president Barthelemy Rouer claimed: "The development of WPO over the last twelve years is a source of collective satisfaction as well as our will to accelerate the energy shift is much more appropriate than ever before.

" This is one more key milestone in the effective development of WPO as well as we are delighted to welcome the Kaiserwetter group on board.

" The merging of our operations brings our organization to the heart of two major European markets, Germany as well as Spain as well as the uninterrupted continuance of top quality services to our customers in these markets will certainly be our very first top priority."

Kaiserwetter worldwide head of asset monitoring Dietrich Norbert Pals claimed "We are really delighted that our solutions service offers such a great fit within WPO's European procedures as well as our group will currently have the opportunity to function within such a well-respected worldwide gamer in the renewables market-place."