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Aventron acquires two wind parks in France, strategic shareholder plans to invest 10 million Swiss francs

Aventron has acquired the 8 MW wind park Ger located in the Normandy from wind park operator Pfalzwind. Aventron also signed a share purchase agreement for the 4 MW Saint-Thégonnec wind park from French developer IEL. Stadtwerk Winterthur, third largest investor of Aventron (Kleinkraftwerk Birseck AG), plans to participate in the next capital increase with 10 millions Swiss francs.

The wind park Ger was built in 2010 and is located in a high wind area 60 km east of the Mont Saint Michel. Consisting of four Enercon E-82 turbines, the project reliably produces renewable energy for many years. The Saint Thégonnec wind park will commence construction in spring 2016. Located 40 km east of Brest in Bretagne, the planned site features as well a high wind resource attractive for power generation. With these two new projects, Aventron strengthens its French wind portfolio to 32 MW and fulfills its 2015 expansion plans.

Stadtwerk Winterthur plans to participate with 10 millions Swiss francs in the next capital increase of Aventron (Kleinkraftwerk Birseck AG). The city council has decided on the corresponding submission to the city parliament.

10 years, higher targets and a new name: KKB becomes Aventron

As of 2016, Kleinkraftwerk Birseck AG (KKB) will operate under the new name Aventron. Building on the success of the last 10 years, the change in name goes hand in hand with the company’s intensified growth strategy.

Exactly 10 years ago, KKB was founded by reference shareholder EBM (Genossenschaft Elektra Birseck) domiciled in Münchenstein. In the early years, the power plant portfolio consisted of two small hydro power plants on the river Birs and several photovoltaic installations in north western Switzerland. Ten years later KKB operates hydro, wind and solar power plants in five European countries with an installed capacity of approximately 180 MW. Energie Wasser Bern (ewb), Stadtwerk Winterthur as well as many additional private and institutional investors joined the shareholders of KKB in the past years. Building on KKB`s historical success, the company intends to expand its portfolio to 500 MW by 2020 and increase annual production to over 1000 Gigawatthours (GWh). To capitalise on further investment opportunities and increase diversification, Spain shall be added to the current country mix of Switzerland, France, Germany, Italy and Norway.

The new name represents more than simply a name-change. Aventron reflects the increased international orientation and continued investment diversification. The embedded terms „avenir“ (future) and „electron“ express the company’s wish to be part of the solution as a modern, European green power producer.

KKB acquires hydro power plants from Alpiq in Norway

Kleinkraftwerk Birseck AG (KKB) takes over a portfolio of small hydro power plants from Alpiq, among other the 4.8 MW Sevre power plant in the south of Norway.

KKB and Alpiq signed a share purchase agreement for the takeover of five small hydro power plants of Alpiq Ecopower Scandinavia. The portfolio consists of the 4.8 MW Sevre power plant, a minority stake in the 5.2 MW Stølsdalselva power plant, as well as three projects in planning with a combined power of a further 11.5 MW.

The purchase is an important milestone in the growth strategy of KKB in the segment of hydro power generation in Norway. KKB Norway plans to own and operate over 40 MW in hydro capacity by 2020. The hydro investments in Norway ideally complement the solar and wind investments in the other KKB target countries.