Koehler Establishes New Renewable Energy Subsidiary
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Koehler Holding GmbH & Co. KG and the management board of Papierfabrik August Koehler AG, Oberkirch, Germany, report to have established a new subsidiary of Koehler Holding GmbH & Co. KG and filed for its entry in the trade register. The company's name is Koehler Renewable Energy GmbH, and its purpose is the founding of renewable-energy companies, as well as the purchase and management of investments in other renewable-energy companies.
The Koehler Group runs an energy-intensive enterprise that has been investing in its own energy supplies for many years now. As a result, the company currently operates power plants at all of its locations, many of which have been expanded in recent years. For example, at Oberkirch there is a circulating fluidized-bed combustion power station and a cold reserve, commissioned in 2011, plus four hydroelectric power stations. At Kehl, Germany, Koehler operates a biomass combined heat and power (CHP) plant, with a second block commissioned in 2011 in a joint venture with RWE Innogy, while a new power station with highly efficient CHP generation was inaugurated at Greiz (Thüringen), Germany, in 2011, and two further hydroelectric power plants were opened at Weisenbach, Germany.
The founding of Koehler Renewable Energy GmbH represents the latest major step in this direction. The aim is to work together with business partners in project companies, investing above all in CHP generation to develop a new line of business by exploiting in-house expertise in operating this kind of plant. The company also is planning to invest in wind energy.
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