ENOVA has launched its HYPER 2030 strategy with plans to expand its onshore wind portfolio to 3GW and increase assets under management to €5bn by 2030.
The company said the new framework follows its Project One strategy, through which it built a 1GW portfolio and reached €1bn in assets under management.
ENOVA added that growth will come from repowering existing wind farms and acquiring late-stage projects, with around 1800MW to be realised this way by 2030.
A further 300MW of new developments is also planned.
The company stated that ENOVA Service will over the next five years be expanded into a leading independent dealer, refiner and reprocessor of wind turbine spare parts.
It added that expertise around Enercon turbines will be further strengthened to establish the unit as the strongest independent Enercon service provider in northern Germany.
Hauke Brümmer, chief executive of the ENOVA Group, (pictured, centre with Björn Burau, CFO, and Hendrik Böschen, COO) said: “HYP3R 2030 is our strategic response to a wind energy market that is currently undergoing major structural changes.”
Brümmer added: “We consistently align growth where efficiency, feasibility and long-term value creation come together – and with the clear goal of participating disproportionately in market changes.”
The company stated that the strategy is designed for a market phase defined by rising German approvals, shifting operating models and increasing focus on feasibility, scale and capital access.