They can continue to do so. Wind energy is a very good investment. We have proven this for the past 25 years. The value of our investments has grown steadily year by year.
As with many of the current operators in the Danish wind turbine market, Wind Estate grew out of the rapidly expanding Danish market in the late 1990s and early 2000s.
Business takes off
When the Danish Government removed the restrictions on the ownership of wind turbines in 2000, business really took off. As one of the first players in the market, Wind Estate saw the possibilities of purchasing existing wind turbines for continued operation. Since then things have moved fast. In 2008, the former owner Jens Petri Petersen and Erik Abraham consolidated all their experience and companies in Wind Estate A/S, and in 2009, the company opened its newly built administrative and warehouse facilities in Randers SV. By the end of the year Wind Estate had grown to more than ten employees for the first time.
The company continues to focus on the purchase of existing wind turbines for continuing operation. In addition, the business was supplemented by much greater investment in the development of wind turbine projects primarily for our own operation.
Today, Wind Estate is therefore one of Denmark’s biggest players in the development of wind turbine projects, while at the same time having an increasingly large portfolio of wind turbines in operation.
More projects demand larger economic muscles
The large development projects – first onshore and now also offshore – require considerable economic muscles. Therefore, in the autumn of 2021, a majority of the company was sold to the UK capital fund iCON Infrastructure.
This allows Wind Estate to grow its portfolio of wind turbines at an even faster pace onshore and eventually also offshore.