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The Aloys Wobben Foundation (AWS), the sole shareholder of wind turbine company Enercon, and German utility EWE AG have launched to develop and operate onshore wind energy projects. With a total planned investment volume of some 4 billion euros by 2030, AWS and EWE aim to develop Alterric into a leading producer of green electricity in Germany and France in the coming years and also expand operations in other countries. The shareholders have brought Enercon and EWE鈥檚 existing wind farms and onshore projects into the joint venture, along with some 200 employees. At its start, Alterric already has more than 2.3 gigawatts (GW) of installed capacity and a project pipeline of more than 9.4 GW, making it the market leader in onshore wind in Germany. The joint venture aims to build more than 200 MW annually and to increase its capacity to up to 5 GW in 2030. 鈥淭he transformation of the energy system is a great opportunity,鈥� said AWS CEO Heiko Janssen. 鈥淲ith our combined strength, we want to grow in the onshore wind sector and, in addition, open up further application possibilities for the energy transition.鈥� EWE CEO Stefan Dohler added, 鈥淎s a society, we urgently need unbureaucratic and affordable ways to achieve climate neutrality, which as many people, companies and institutions as possible can follow.鈥� Dohler described Alterric as more than just a sensible entrepreneurial decision by two wind energy pioneers: 鈥淚t is also a signal of a renewed start and an invitation to political leaders and society to actively support the expansion of wind energy on land in a broad consensus."

Alterric began operations on March 26 after antitrust authorities approved the shareholding and investment agreement signed by AWS and EWE in December. Onshore wind power 鈥� a key component of Germany's decarbonisation plans -- has suffered from chronically low additional installations in recent years but managed a turnaround in 2020, connecting almost 50 percent more turbines to the grid than in the previous year. However, wind proponents have warned that current construction levels still fail to match climate targets and rising green power demand.