News

1.11.2016 | | WindSpace

Investing in wind farms

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Info

For additional information, please contact:

Jens Elton Andersen
Partner, CEO
(+45) 20 14 83 22
jea@windspace.dk

or 

Flemming Engelstoft
Partner, COO
(+45) 20 827 827
fe@windspace.dk

Investing in wind farms will benefit both the environment and your own business

Today customers, partners and future employees often assess a company based on its values. CSR plays an important role in this assessment. 74% of Danish companies working with CSR, focus on the climate and environment*. This is achieved among others through development of environmentally friendly and sustainable products, reducing consumption of environmentally harmful products or reducing environmental impacts.

At WindSpace we help companies reduce the overall environmental impact. Through investment in renewable energy production working with CSR will become more powerful and tangible. Investing in wind farms is the most profitable choice while benefitting the environment and providing a reasonable financial return to the company. At WindSpace we are ready to guide you to the best investment. In cooperation with WindSpace your company will play an important role in creating a healthy and forward-looking energy production.

Today WindSpace builds and operates wind farms in countries where we can find optimal conditions. Sweden and Poland provide such conditions. Besides working actively for environmental improvements, investing in wind farms also add a financial return. Investing your equity in wind farms can truly become a solid and good business while adding a more green profile to your company.

"44% of Danish companies indicate that working
with CSR has a positive impact on the financial result*"

At WindSpace we will be happy to serve and guide you to a succesfull investment together with us. Call us and let us share our extensive experience with both completed projects and projects under development that you can be a part of.

The question is not whether or not you should work with CSR – the question is: HOW? 

CSR strategy is a widespread and growing initiative in both large and small Danish businesses. Companies such as LEGO, Call Me, Novo Nordisk – and many more – are actively working to improving the social ethical and environmental responsibility.

It is up to you and your company to assess which areas that are the most important to you. Whether you choose to work on initiatives that have a social, ethical or environmental conscious, there is a wide range of benefits.

A survey conducted by the Danish Chamber of Commerce in September 2014 show that among several benefits, 44% of Danish companies indicate that working with CSR has a positive impact on the financial result. Furthermore two out of three also state that CSR is reinforcing company reputation. Customer expectations are also changing, pointing consumers towards companies who act consciously. CSR is becoming more and more business critical.

 

* Source: CSR is a business investment, CSR manager Louise Koch, Danish Business 

  • 2.10.2019 | |

    WindSpace sells one of the World's first commercial wind farms

    Next year, Google's data centres will receive electricity equivalent to the consumption of nearly 200,000 households from one of the largest onshore wind farms realized on commercial terms – from a Danish development company. With this trade, Danish WindSpace is making a serious mark in the international renewable energy investment and development market.

    Wind energy has become so efficient and competitive that it can increasingly be installed without subsidies. The new large-scale onshore wind farm in Sweden; Björkvattnet, published today, is a proof of this. Starting next year, the project is expected to power Google data centres and approx. 175,000 households. Björkvattnet is also part of Google's huge renewable energy investment of 286 MW in Sweden - of which Björkvattnet accounts for the 175 MW.
    Jens Elton Andersen, CEO and partner in Danish WindSpace:
    “It is an absolute game changer that we managed to create such a large wind farm in Sweden without subsidies. It must be the first time in the Nordic countries. This could mean even greater opportunities in the global market when it comes to renewable energy projects and, in particular, wind projects,” he says.
    Estimates from the International Monetary Fund (IMF) show that as much as 6.4 percent of global GDP is used to support the coal, oil and gas sectors. And usually renewable energy are only feasible investments if the projects receive public subsidies. In Denmark, total public support for renewable energy projects was just under DKK 9 billion in 2018 according to the Danish Energy Agency.

    Danish entrepreneurial forces
    Since 2014, Danish WindSpace has worked closely with Swedish Wind Farm Förvaltning and GE Renewable Energy on development and construction of the park, which will include some of the world's largest onshore wind turbines - a total of 33 turbines measuring 220 meters from foundation to wing tip and each has a capacity of 5.3 MW. The wind farm has a total capacity of 175 MW and will produce electricity corresponding to the consumption of up to 175,000 households. The turbines are expected to be operational by the end of 2020.

    Jens Elton Andersen continues:
    “We are very proud to announce the sale of such a large wind farm, which represents a leap forward for the green transformation of the energy sector - and on commercial terms. The last five years we have been working with our international partners to make this happen, ”he says.
    Last week, Google announced that they have made an agreement to supply power from Björkvattnet to their data centres in the Nordic countries with a so-called PPA (Power Purchase Agreement), which guarantees the renewable energy producer a minimum income over a longer period.
    Björkvattnet is located approx. 470 km. north of Stockholm. The 33 new wind turbines will be built in an area that already includes one of Sweden's largest wind farms and will thus further strengthen the park's central role in achieving the Swedish goal of becoming fossil-free in 2040, and as part of Nordic electricity cooperation and thus potentially also supply Danish electricity consumers.

    For further information
    WindSpace, Jens Elton Andersen, CEO and partner, +45 2014 8322, jea@windspace.dk
    GE Renewable Energy, Becky Norton, Onshore Wind, Communications Leader, +1 518 522 8832, becky.norton@ge.com or Sebastien Duchamp, Director of External Affairs, SEBASTIEN.DUCHAMP@GE.COM

    FACTS
    Björkvattnet
    The wind farm Björkvattnet is located approx. 470 km north of Stockholm in Sweden.
    The area around Björkvattnet includes one of Sweden's largest onshore wind farms. This has not only attracted a number of investors and companies to the area, but also increased population growth.
    WindSpace has developed the Björkvattnet in collaboration with Vindparken Förvaltning AB and GE Renewable Energy.
    The park will contain 33 onshore wind turbines with a tower height of 141 meters, while the turbines are 220 meters from the foundation to the wing tip. The rotor diameter is 158 meters.
    Each turbine has a capacity of 5.3 MW, and together the 33 wind turbines can thus have a capacity of 175 MW. The park's total energy production is estimated at 600 GWh per year. This corresponds to the electricity consumption for approx. 175,000 households.
    Björkvattnet was sold to French InfraVia Capital Partners' InfraVia European Fund IV infrastructure fund in collaboration with GE Energy and NEWSEC, which has been financial advisor.


    FACTS
    WindSpace
    WindSpace is a Danish development and investment company within renewable energy and green technology. The company's specialty is the development and design of wind farms in development markets in Europe, with a special focus on Sweden and Poland.

    Since 2006, WindSpace has developed 17 MW solar projects and 450 MW wind projects. The company has listed and managed approx. DKK 450 million in eight investment projects with a total of 32 MW of wind turbines.

    In addition, WindSpace is, through its sister company, Elysium Nordic, preparing to build one of the world's largest pyrolysis plants for recycling old tires. The plant will be located in Nyborg and will recycle approx. 30,000 tonnes of tires per year. This will reducse emissions of approx. 24,000 tonnes of CO2 annually.

    WindSpace was established in 2006 and is today owned by Jens Elton Andersen (CEO), Flemming Engelstoft (COO) and Rune Blæsbjerg (CTO).

    WindSpace has extensive experience in international project financing and executes sales processes with some of the world's largest investment funds.

    As some of the only developers on the market, WindSpace offers investment projects in all stages of the project, including planning and construction. This ensures customers a greater share of the value added and thus a better return.

     

  • 28.03.2019 | Info | WindSpace

    60 MW of wind projects ready for sale and construction in Sweden

    The building permit for wind farms Storbrännkullen and Isbillen has been exteded to the end of 2022.

    Since 2013 WindSpace has developed wind farms Storbrännkullen and Isbillen in located 530 kilometres north of Stockholm in Sweden in cooperation with our swedish development partners. The two farms have a total capacity of 60 MW. As the projects have final permits and have also been through a thorough due diligence process, they are effectively ready to build.

    "We now enter into the sales phase of Storbrännkullen and Isbillen. Because of its ambitious renewable energy plans, Sweden represents a major investment opportunity for many years to come. According to official targets by the Swedish government the country will see an increase in renewable energy generation to 37 TWh by 2022", says Jens Elton Andersen, CEO and partner, WindSpace.

  • 5.02.2019 | Info | WindSpace

    First milestone in getting new value from end-of-life tires

    WindSpace has established Elysium Nordic

    WindSpace has established Elysium Nordic, a Danish company, that creates new value from end-of-life tires (ELT) by using pyrolysis technology to recover gas, steel, oil and especially carbon black from ELT. Carbon black is a material which is irreplaceable in the production of, among other, tires and rubber based materials.

    The first pyrolysis plant will be built in the port of Nyborg. By the time it starts production in 2021, it will be able to recover more than 9.000 tons of carbon black from 30.000 tons of ELT. The plant will be the first step towards a more circular, sustainable and economically reasonable approach to the handling of ELT, in which the tires are recycled instead of incinerated.

    For more information on Elysium Nordic, please go to http://www.elysiumnordic.com or see:

    Dansk virksomhed opfører et af verdens største pyrolyseanlæg på Nyborg Havn

    Nyt pyrolyseanlæg i Nyborg skal genanvende 30.000 ton dæk om året

    Nyborg valgt: Ny virksomhed til 300 millioner kroner på havnen

  • 12.12.2018 | Info | WindSpace

    WindSpace investors benefit from positive winds in Polish power prices

    After a few years with uncertainty and low revenues from wind parks in Poland, the balance between supply and demand of power in Poland is changing as envisaged by WindSpace.

    Since 2005 a progressive certificate based support system for wind park investments have secured the construction of 6.000 MW wind park capacity in Poland, helping to support the aging coal powered plants in supporting Polish consumers with energy. Until the end of 2017, the power from wind parks was sold at a price related to the price of producing power from coal. From beginning of 2018 wind parks have been selling power at market prices.

    Due to market uncertainty and low returns, nearly no new power production capacity has been built in Poland since 2016 and the demand for power is ever increasing resulting in shortages and at times very high power prices.

    WindSpace has used this opportunity to enter sales agreements with high fixed prices for for the power produced in WindSpace wind turbines during all of 2019 bringing security to investors.

    "We are very pleased to observe, that our projection of increasing power shortages have resulted in increased revenues. However, we are even more pleased to conclude, that this situation enables us to plan for future wind parks in Poland and thereby increase the share of renewable energy produced in Poland." says Flemming Engelstoft, COO and partner, WindSpace.

    The share of power in Poland, that is presently produced from renewable sources is approximately 15%. It is expected, that EU requirements will become significantly higher in the coming years. The capabilities in WindSpace enable us to help the transition to a greener future in Poland reducing CO2 emissions and air pollution and increasing capacity significantly faster than would be possible building complicated nuclear or coal plants.

  • 10.12.2018 | Info | WindSpace

    PV projects developed by WindSpace

    Great development for WindSpace in Poland

    17 PV projects developed by WindSpace in Poland have been sold end of 2018. The first PV project has already been build and in operation. The remaining PV projects will be built during 2019.

  • 7.05.2018 | Info | WindSpace

    First cooperation agreement on new green tech investments

    Cooperation agreement signed with Scandinavian Enviro Systems

    As a result of evaluating several innovative greentech solutions enabling reduction in CO2 emissions, WindSpace have today signed a cooperation agreement with Scandinavian Enviro Systems. The aim is to build one of the worlds largest pyrolysis facilities in Nyborg, Denmark to treat end-of-life tires and thereby recover the original components of bio-oil, steel, gas and a valuable product called carbon black to be used in the production of new materials. The excess heat will be delivered as district heating to consumers in Nyborg.

    "The pyrolysis technology from Scandinavian Enviro Systems combines the quality of being very thoroughly tested at their Facility in Sweden and also brand new in the way that we indtend to build an industrial scale plant based on the same technology. This is just what we are looking for in a new green technology to invest in." says Rune Blæsbjerg, CTO and partner, WindSpace.

  • 28.02.2018 | Info | WindSpace

    WindSpace subsidiary won on EU tender for PV construction

    WindSpace has just won EU support for the construction of PV plant Dobre Miasto I in Poland.

    The regional EU support system support renewable energy production facilities, that would not have been built without support.

    The PV plant is expected to be operational during 2018.

  • 7.07.2017 | Info | WindSpace

    14 MW of PV portfolio Copernicus ready to build

    First part of solar project portfolio is ready for construction!

    First part of the PV project portfolio, WindSpace has been developing in northern Poland have now received building permit and is ready to build.

    The projects are expected to secure remuneration from next RES auction in Poland and to be constructed and commisioned during 2018. A total of 14 MW solar panels will thereby be added to the Polish market.

    "We are happy to announce, that we are now able to supply investment opportunities in solar energy projects, and expect to diversify into other renewable tecnologies within the next few years" says Jens Elton Andersen, CEO of WindSpace A/S.

  • 17.06.2017 | Info | WindSpace

    Development of new green tech investments

    During the spring of 2017 WindSpace have changed strategy to utilize our unique skill set in project development, procurement, financing, construction and operation in new technologies. The initial scope was quite wide both in types of green technologies and markets to install the investment projects in order to ensure, that we had the widest possible selection of investment- and development targets to choose from. It has been a very positive experience to learn that so many committed and skilled people are constantly developing new solutions to improve the future environment.  

    This means, that we are now evaluating and developing solar (PV) projects in Poland, biogas projects, pyrolysis treatment of end-of-life tires and other green technologies.

    “We are looking for technologies, that are able to provide greener, cheaper and convenient alternatives to conventional production of energy or use of waste. We are actively looking for new technologies with proof of concept, where we can industrialize and operate the technology in separate investment entities like when we build wind parks.” says Jens Elton Andersen, CEO and partner, WindSpace. 

    The development of some of the projects are relatively advanced and others are still being verified. However, it is quite certain that the change in strategy will result in many new investment opportunities in the coming years.

  • 1.11.2016 | | WindSpace

    Investing in wind farms

    Investing in wind farms will benefit both the environment and your own business

    Today customers, partners and future employees often assess a company based on its values. CSR plays an important role in this assessment. 74% of Danish companies working with CSR, focus on the climate and environment*. This is achieved among others through development of environmentally friendly and sustainable products, reducing consumption of environmentally harmful products or reducing environmental impacts.

    At WindSpace we help companies reduce the overall environmental impact. Through investment in renewable energy production working with CSR will become more powerful and tangible. Investing in wind farms is the most profitable choice while benefitting the environment and providing a reasonable financial return to the company. At WindSpace we are ready to guide you to the best investment. In cooperation with WindSpace your company will play an important role in creating a healthy and forward-looking energy production.

    Today WindSpace builds and operates wind farms in countries where we can find optimal conditions. Sweden and Poland provide such conditions. Besides working actively for environmental improvements, investing in wind farms also add a financial return. Investing your equity in wind farms can truly become a solid and good business while adding a more green profile to your company.

    "44% of Danish companies indicate that working
    with CSR has a positive impact on the financial result*"

    At WindSpace we will be happy to serve and guide you to a succesfull investment together with us. Call us and let us share our extensive experience with both completed projects and projects under development that you can be a part of.

    The question is not whether or not you should work with CSR – the question is: HOW? 

    CSR strategy is a widespread and growing initiative in both large and small Danish businesses. Companies such as LEGO, Call Me, Novo Nordisk – and many more – are actively working to improving the social ethical and environmental responsibility.

    It is up to you and your company to assess which areas that are the most important to you. Whether you choose to work on initiatives that have a social, ethical or environmental conscious, there is a wide range of benefits.

    A survey conducted by the Danish Chamber of Commerce in September 2014 show that among several benefits, 44% of Danish companies indicate that working with CSR has a positive impact on the financial result. Furthermore two out of three also state that CSR is reinforcing company reputation. Customer expectations are also changing, pointing consumers towards companies who act consciously. CSR is becoming more and more business critical.

     

    * Source: CSR is a business investment, CSR manager Louise Koch, Danish Business 

  • 1.10.2016 | Press Release | WindSpace

    Poland: 32MW installed capacity reached

    We are proud to announce that we have passed the 30 MW marker in Poland.

    In only 5 years WindSpace have tripled our capacity in Poland. With the launch of Wind Park Radzanowo and Wind Park Piastowo we reached a total capacity of 32 MW in Poland.