nance the detailed planning as well as the construction until the
wind farm on the high seas was commissioned. The company
also granted the Butendiek protagonists the option of buying
back up to 50 percent of the shares if the launch was successful. The Airtricity managers wanted to press the start button for
the 80 turbines at the end of 2009 as they said in their first announcement after the takeover.
But they never got that far. Because the majority shareholders of
Airtricity sold the company at the beginning of 2008 for around
1.5 billion euros to the Scottish energy company Scottish and
Southern Energy [SSE], With the sale of Airtricity, SSE took over
ail rights and obligations for the Butendiek offshore wind farm.
The SSE chapter in the story of Butendiek was also a short one.
In North Frisia the Butendiekers had hardly become accustomed
to the Scottish accent of their negotiating partners when, at the
start of 2010, the British government published ambitious new
plans for offshore wind power in the order of more than 30,000
mégawatts coupled to rémunération of around 18 cents per
kilowatt hour. SSE's management therefore decided more or less
overnight, to concentrate solely on projects in their home waters,
and they terminated their German commitment. The responsible
managers in Scotland had in any case not really committed to
Butendiek as they eut down the budget for the project team directly following the takeover - which would certainly hâve led to
further delays.
But they never got that far: In September 2010, the wpd Group
from Bremen took over 100 percent of the shares in the "Butendiek" offshore wind farm holding company from SEE Renewables
Germany Holdings GmbH to call them by their correct name. wpd
announced the relaunch of the project in the same breath, soto-speak.
115
wind farm on the high seas was commissioned. The company
also granted the Butendiek protagonists the option of buying
back up to 50 percent of the shares if the launch was successful. The Airtricity managers wanted to press the start button for
the 80 turbines at the end of 2009 as they said in their first announcement after the takeover.
But they never got that far. Because the majority shareholders of
Airtricity sold the company at the beginning of 2008 for around
1.5 billion euros to the Scottish energy company Scottish and
Southern Energy [SSE], With the sale of Airtricity, SSE took over
ail rights and obligations for the Butendiek offshore wind farm.
The SSE chapter in the story of Butendiek was also a short one.
In North Frisia the Butendiekers had hardly become accustomed
to the Scottish accent of their negotiating partners when, at the
start of 2010, the British government published ambitious new
plans for offshore wind power in the order of more than 30,000
mégawatts coupled to rémunération of around 18 cents per
kilowatt hour. SSE's management therefore decided more or less
overnight, to concentrate solely on projects in their home waters,
and they terminated their German commitment. The responsible
managers in Scotland had in any case not really committed to
Butendiek as they eut down the budget for the project team directly following the takeover - which would certainly hâve led to
further delays.
But they never got that far: In September 2010, the wpd Group
from Bremen took over 100 percent of the shares in the "Butendiek" offshore wind farm holding company from SEE Renewables
Germany Holdings GmbH to call them by their correct name. wpd
announced the relaunch of the project in the same breath, soto-speak.
115