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Energiekontor AG sells Boddin wind farm

·4-min read

DGAP-News: Energiekontor AG / Key word(s): Contract/Disposal
09.11.2020 / 07:29
The issuer is solely responsible for the content of this announcement.

- - Project sale to InvestInvent

- - Output is sufficient for about 3,500 households

Energiekontor AG announces the sale of the Boddin wind farm. This wind farm is a single-unit project of the Nordex N149 type with a capacity of 4.2 MW. The project was awarded a contract at 6.20 ct/kWh in the tender on 1 October 2019.

The Boddin wind farm will be erected at the site of the same name in the district of Prignitz (Brandenburg) and is currently scheduled to go into operation at the end of September 2021. This sale therefore has no impact on the business figures for 2020, but will only be recognised in income in 2021.

The buyer is the Swiss InvestInvent AG with its special fund for renewable energies. InvestInvent was also the buyer of the Hohengüstow II wind farm in 2017. The technical management will be carried out as usual by Energiekontor.

The expected annual electricity volume of 11.5 million kilowatt hours will be sufficient to cover the needs of around 3,500 average German households.

Peter Szabo, Chairman of the Board of Energiekontor AG, is satisfied: "We are pleased that we have been able to win InvestInvent as a buyer for this project. InvestInvent is a very experienced and professional partner with whom we have now once again worked successfully together".

"Investments in renewable energies, especially wind energy, are our expertise and we are pleased to acquire another attractive project for our investors with the Boddin wind farm. We are happy to work together with Energiekontor and can well imagine the acquisition of further projects from this experienced developer," explains Roman Bader, Head of Acquisition & Asset Management and member of the management board at InvestInvent.

 

About Energiekontor AG:

A solid business policy and a lot of experience in renewable energies: Energiekontor has stood for this for 30 years. Founded in Bremerhaven in 1990, the Company is one of the pioneers in the industry and is now one of the leading German project developers. The core business ranges from planning and construction to the operational management of wind farms in Germany and abroad and was expanded to include solar energy in 2010. In addition, Energiekontor operates wind and solar parks with a rated output of almost 287 megawatts in its own portfolio.

Energiekontor AG is also playing a pioneering role in economic terms and intends to realize the first wind and solar parks in all target markets as quickly as possible at market prices, independent of state subsidies. In addition to its headquarters in Bremen, Energiekontor has offices in Bremerhaven, Hagen im Bremischen, Aachen, Bernau near Berlin, Potsdam and Augsburg. The Company also has branches in England (Leeds), Scotland (Edinburgh, Glasgow), Portugal (Lisbon), USA (Austin / Texas, Rapid City / South Dakota) and France (Toulouse, Rouen).

The proud record since the Company was founded: 126 wind farms and ten solar parks with a total output of over 1 gigawatt. This corresponds to an investment volume of approximately € 1.7 billion. The Company went public on 25 May 2000. The share of Energiekontor AG (WKN 531350 / ISIN DE0005313506) is listed in the General Standard of the German Stock Exchange in Frankfurt and can be traded on all German stock exchanges.

About InvestInvent

InvestInvent AG is a pioneer in the securitisation of wind energy. With almost 20 years of industry experience, it covers the entire range of M&A services and also takes over the management of wind farms. InvestInvent's team of experts masters all aspects of a successful investment in wind energy, including profitability analysis, due diligence and contract negotiation as well as financing and asset optimisation. As an asset manager regulated under the Swiss Collective Investment Schemes Act and supervised by FINMA (Switzerland), it also manages a corresponding investment fund investing in renewable energy in Zurich.


Contact:

Investor Relations / Press
Peter Alex
Tel.: +49 421 3304-126
E-Mail: Peter.Alex@energiekontor.com
www.energiekontor.com


09.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Energiekontor AG

Mary-Somerville-Straße 5

28359 Bremen

Germany

Phone:

04 21/33 04-126

Fax:

04 21/33 04-4 44

E-mail:

ir@energiekontor.de

Internet:

www.energiekontor.de

ISIN:

DE0005313506

WKN:

531350

Listed:

Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1146352


 

End of News

DGAP News Service

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