Italy&#39;s Falck to co-develop 200 MW wind, solar pipeline with REG

Italy's Falck Renewables and UK company REG Windpower have agreed to co-develop 200 MW of wind and solar schemes. The projects will be developed in the UK by joint venture Naturalis Energy Developments, which already has two consented schemes under its belt. Falck said it will have the option to buy and build the projects itself or sell them on after construction authorisations are secured.

Italy-based Falck Renewables SpA (BIT:FKR) announced on Thursday a partnership with British REG Windpower Ltd to develop together some 200 MW of wind and solar projects in the UK.

The European firms have created a new joint venture (JV) named Naturalis Energy Developments Ltd, 70% owned by Falck and 30% by REG Damery Developers Ltd. The devoted Development Company already has one wind and one solar project consented in its portfolio.

As joint projects obtain construction authorisations, Falck Renewables Wind Ltd will have an option to buy and build these itself or sell them to the market, the company stated.

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