The first Storm Holding, founded in December 2011, has 8 wind farms in its portfolio through various subsidiaries, accounting for 18 wind turbines and a total installed capacity of 42 MW on Flemish territory (Dilsen-Stokkem, Geel, Genk, Maasmechelen, Meer, Wachtebeke, Westerlo and Wielsbeke). Storm Holding can thus cover the energy consumption of 40,000 households. Storm Holding 2 was founded at the beginning of 2015 and the construction of two turbines in Desselgem started at the beginning of March the same year. A year later, the construction of 3 turbines on the ArcelorMittal site in Ghent, 4 turbines in Lokeren and 1 turbine in Zandvliet started. Construction of 1 turbine in Minderhout, 2 additional turbines at ArcelorMittal and 3 turbines in Melsele followed in 2017 and 2018. Storm Holding 2 has since been fully invested and is of a similar size to the first Storm Holding: 16 turbines with a combined capacity of about 41 MW.
Also in Ireland
Storm Holding Ireland was incorporated in mid-2015 and, like Storm Holding and Storm Holding 2, will invest in the construction and operation of wind farms, in Ireland. In September 2015, the construction of 6 turbines at Old Mill started, accounting for an installed capacity of 17 MW. Finally, at the end of 2018, Storm Holding 3 was incorporated and subsequently started the construction of the first 4 MW turbine in Meer. Storm Holding 3 will be further invested during 2019 and 2020 and is expected to be similar in size to Storm Holding 1 and 2.
PMV’s role
As a first-time investor, PMV assists Storm Management with specific sector knowledge and financial support during the long and difficult development period inherent in the permit process of large wind turbines. After all permits are obtained, the wind farms are realised through the various Storm Holdings. PMV also plays an important role in that process. In this way, the Flemish investment company supports a new developer in the energy landscape (Storm Management) and contributes (via the Storm Holdings) to the realisation of the Flemish and European 20.20.20 targets. PMV is now no longer a shareholder in Storm Management and was succeeded by another private investor.
The project in numbers
Storm Holding
