Falck Renewables’ subsidiary Vector Cuatro has agreed to acquire 100% share of Windfor, a company known in Italy for its technical advisory services in wind energy.


Image: Boyndie wind farm. Photo: Courtesy of Falck Renewables.

This reinforces Falck Renewables’ upward trend and strategic interest in the services sector for renewable assets.

The acquisition is expected to be finalised by September 2018 and is worth 0.625 million euros.

Through this acquisition, Vector Cuatro strengthens its offer in technical advisory services for onshore wind plants, a technology expected to continue to grow 7.2% from 2015 to 2030 globally according to the IEA.

With over 15 years’ experience, Windfor is a leader in Italy in the resource assessment, planning, decommissioning and repowering of wind farms. Windfor has analysed over 17 GW of wind plants, performed due diligence for 9 GW and delivered advisory services in projects for 18 GW in Italy and abroad. Through hands-on experience in a wide range of projects, Windfor also developed advanced proprietary software for anemology analysis.

Vector Cuatro’s CEO Javier Asensio said: “We’re excited about this agreement. Windfor will bring significant know-how in the wind power industry, at a time when new plants are expected to be built for over 50 GW every year until 2040, according to the International Energy Agency.

“On top of new plants, great opportunities will result from repowering old plants or lengthening the lifetime of existing ones.”

Source: Company Press Release