INDUSTRY NEWS

Wind farm company looking for new London office space

A Swedish utility company is looking to setup a new headquarters in the centre of London, according to a London based property agency.

The firm is working on plans to develop major offshore wind farming technology in the North Sea and is looking for London office space to help with British operations.

Oystein Loseth, chief executive of Vattenfall, commented that the renewable energy market in the UK represents “possibility for growth, especially on the wind side. That’s why we are trying to find a place for a new office in London where we can all sit together.”

The firm is currently using a number of small offices in London, Edinburgh and Hexam, Northumberland.

The offshore wind farm is expected to begin in 2015 and could generate up to 7,200 megawatts of power.

Vattenfall is one of the largest generators of electricity in the continent and employs over 42,000 people.

Commercial property news brought to you direct from DeVono Cresa, experts on London office space.

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