EQS-News

Energiekontor AG: Green light for repowering project in the district of Stade – Energiekontor begins construction and partial sale of the Oederquart project - Seite 2

“Repowering existing sites is an important part of our business. In the coming years, more and more wind turbines will be phased out of the guaranteed remuneration system under the German Renewable Energies Act. We are systematically seizing these opportunities. Thanks to our many years of expertise in this area, we can now also contribute to achieving Germany’s installation targets by the end of 2030 with our project in Oederquart”, says Peter Szabo, CEO of Energiekontor AG. “Legacy facilities are very important in our project development activities. Not only do they provide long-term, site-specific data on wind levels, we can also make use of the existing infrastructure there, allowing us to plan our projects in the best possible way and realise them in a cost-conscious manner, also in economically challenging times.”

Energiekontor planned and constructed the Oederquart wind park around 25 years ago. Since then, Energiekontor has been operating two of the ten existing wind turbines in its own portfolio at the Osterende wind park. Energiekontor plans to sell part of the project and incorporate three of the six new turbines into its own park portfolio, expanding the total generation capacity of the Group’s portfolio by around 17 megawatts.

In February 2024, Energiekontor most recently commissioned the sold repowering wind park project in Bergheim, North Rhine-Westphalia, with approximately 11 megawatts. Energiekontor has also received six further building permits since the beginning of the 2024 financial year, including for three wind projects in Germany (around 35 megawatts in total). The company has likewise received the go-ahead for its two first solar projects in France (around 44 megawatts in total), and for a British wind project (66 megawatts). Aside from the British project, all of the projects are intended for the Group’s own portfolio. In addition, two German solar parks with a total capacity of more than 70 megawatts are currently under construction and are to be transferred to the company’s own portfolio by the end of 2024 and the first quarter of 2025 respectively once they are commissioned.