Stadtwerke Stuttgart to Build More Wind Farms to Rival EnBW

May 16, 2014 11:10 am ET

May 16 (Bloomberg) -- Stadtwerke Stuttgart GmbH, a municipal utility, started generation at its new wind farm and plans to build more as it seeks to grab customers from EnBW Energie Baden-Wuerttemberg AG.

Stadtwerke Stuttgart will by year-end decide whether to install two wind turbines in Stuttgart, which would be the first major machines in the southwestern German city, Michael Isenberg, a company spokesman, said today by phone. The utility may also invest in a project comprising eight turbines east of Stuttgart, he said.

Stadtwerke Stuttgart, which sells electricity to about 7,000 customers, targets 20,000 customers by 2015 as it seeks to grab market share from larger rival EnBW. It can spend as much as 800 million euros ($1.1 billion) on renewable generators by 2020 “and wind will play a major role in that,” Isenberg said.

The utility started up its 23 million euro ($32 million) Schwanfeld plant comprised of five Nordex SE turbines this week, the company said in a website statement dated May 12. The project, which will generate enough power to meet the demand of about 10,000 homes, was developed by ABO Wind AG.