Axpo continues to expand its business in the direct marketing of electricity from renewable ener- gies in Germany: Axpo’s German subsidiary has been responsible for the overall marketing of the Global Tech I (GT I) wind farm in the North Sea since the beginning of 2020. Axpo Deutschland was awarded the contract at the end of 2019.
Previously the Axpo subsidiary was marketing nearly one fourth of the power produced at GT I for the German market. This corresponded to Axpo’s share in the wind farm with an installed capacity of 400 MW, in which Switzerland’s largest producer of electricity from renewable energies holds an interest of 24.1%.
GT I is located 140 kilometres off the North Sea coast in the German bay and was, at the time of its com- missioning in late summer 2015, a pioneer project in the area of offshore wind in Germany, and also the first offshore wind farm with a substantial Swiss shareholding.
Johannes Pretel, Co-Head Origination Axpo Deutschland, comments: “Axpo Deutschland was involved at GT I from the start as a marketer and was able to gain valuable experience in the direct marketing of off- shore wind power over the years. The wind farm has steadily increased its performance over time. When the option to market all the GT I power came up, of course, we seized the opportunity. We are pleased that we were awarded the contract.”
