BERLIN -- Volkswagen AG, Europe's biggest carmaker, is in talks with Windreich AG to invest in one of its wind farms in the North Sea, the German renewable energy developer said.
"Talks with Volkswagen are ongoing," Willi Balz, Windreich's CEO, said in a phone interview Tuesday without identifying the project.
German authorities have granted permission for three Windreich projects, including the 42-turbine Deutsche Bucht farm, which has a potential capacity of as much as 252 megawatts if 6-megawatt turbines are used. Areva Wind, a German unit of the French nuclear reactor maker Areva SA, and a second manufacturer Balz declined to identify are competing to supply the turbines for Deutsche Bucht, he said. Construction may start in 2013, Balz said.
Volkswagen plans to invest about 1 billion euros ($1.4 billion) in wind, solar and hydro projects in the next two years, the Financial Times Deutschland newspaper reported Aug. 25, citing company officials that it didn't identify.
Volkswagen is talking to four developers, including Windreich, about possible investments, the newspaper wrote.
Christoph Adomat, a Volkswagen spokesman, said in an e-mail last week that the company seeks to increase usage of renewable sources to become an "economic and ecologic" leader in the global car sector. He declined to comment on the specifics of the report.