As a wind farm, the 15 Turbine 45MW Krackow in Northern Germany, is inherently clean and registers as one of the cleanest energy generation asset classes. The project has very low emissions, effluent and waste footprint and Foresight has ensured there are policies in place for the responsible management of what little waste there is and has analysed the impact of the farm on the local community.
When deciding the governance for Krackow, it was of paramount importance that the asset was free from allegations of bribery or corruption surrounding the authorisation and permitting of the asset. Suitable policies are in place to ensure both the asset and its activities remain free from both corruption and bribery throughout the asset’s life.
In order to govern the asset and make sure the right decisions are made, a board composed of appropriately qualified individuals with a suitable range of industry-relevant experience was appointed. The Board consists of key Foresight investment and asset managers who have deep experience in both onshore wind asset management, and of the German regulatory and energy market, with over 20 years’ experience combined. It also includes a member of WPD Windmanager, a subsidiary of WPD AG, a specialist provider that will perform some ongoing technical management services for the wind farm in the future. The board ensures a favourable management structure composed of well qualified individuals and ensures these will be compliance at all levels and across all parties involved.