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Oldenburg / Aurich (dpa / lni) - The Oldenburg energy company EWE and the Aloys Wobben Foundation have come one step further on the way to establishing a joint venture to expand wind energy.

On Tuesday they signed a contract according to which both sides each hold 50 percent of the shares, as the partners announced.

According to this, wind farms and onshore projects by EWE and Enercon will be brought into the future joint venture.

The foundation is the sole shareholder of the Aurich wind turbine manufacturer Enercon.

The cartel office has to examine the project, the result is expected in spring 2021.

Investments with a total volume of around four billion euros are planned by the year 2030. The company's headquarters are to be Aurich.

The approximately 200 employees in the core markets are to work at several locations, including Oldenburg.

EWE will provide entrepreneurial management and the Aloys Wobben Foundation will chair the Supervisory Board.

The joint venture is based on a portfolio that is one of the largest in the industry, said the CEO of the Aloys Wobben Foundation, Heiko Janssen.

The aim is to decisively advance the energy transition in Germany and internationally.

EWE boss Stefan Dohler said that the share of renewable energies should be increased significantly and permanently.

The sustainable restructuring of society and a climate-neutral Europe could only be achieved with sufficient green electricity.

According to the partners, the new company will become one of the largest producers of green electricity in Germany and France and will also grow internationally.

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Message from EWE

Communication from the Aloys Wobben Foundation