Elia Group launches new offshore subsidiary WindGrid

February 23, 2022 Editor

The Board of Directors for European electricity transmission company Elia Group has approved the formation of a new subsidiary called WindGrid.

WindGrid will act as an international energy company aimed at accelerating offshore development and will be led by Dr Markus Laukamp from 1 April 2022, who is currently Managing Director of the German company STEAG New Energies GmbH.

Through Elia Group’s subsidiaries, Elia and 50Hertz, the company has focused on expanding offshore electricity networks in the North and Baltic Seas. Moving forward, WindGrid will provide the opportunity to explore activities overseas, as offshore electricity grids expand in Europe and beyond.

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Chris Peeters, CEO of Elia Group, said: “WindGrid will be a reliable partner for governments that want to proactively build offshore grid infrastructure and renewable energy developers that are looking for solutions which will allow them to securely connect and integrate their offshore energy projects into onshore electricity networks.

“By maximising our experience and know-how and co-investing in international offshore grid infrastructure, WindGrid will make a fundamental contribution to accelerating the energy transition.”