Wind

Elia buys Vattenfall's German grid assets with eye to offshore wind Photograph: Vattenfall

Elia buys Vattenfall's German grid assets with eye to offshore wind

Elia, owner of Belgium’s electricity grid, has purchased German transmission system operator 50Hertz from Vattenfall for €810m ($1.1bn), claiming the deal will make central Europe’s power grid friendlier to offshore wind farms and other renewables.

Karl-Erik Stromsta

Published: Monday, March 15 2010 | Last updated: Tuesday, March 16 2010

Print Email Share Register for a FREE two-week trial FREE daily newsletter