EQS-News: VERBUND AG: Acquisition of a 56.4 MW wind portfolio in Germany
EQS-News: VERBUND AG / Key word(s): Mergers & Acquisitions
VERBUND AG: Acquisition of a 56.4 MW wind portfolio in Germany
25.10.2023 / 08:29 CET/CEST
The issuer is solely responsible for the content of this announcement.
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VERBUND AG hereby announces the acquisition of a 56.4 MW wind portfolio in
Germany’s federal states of Hesse, North Rhine-Westphalia and Lower
Saxony. The seller is an infrastructure fund managed by Impax Asset
Management.
The wind portfolio comprises five operational wind farms with a total
capacity of 38.4 MW (Oedelum, Quelkhorn, Mariengarten, Münster and
Frielendorf Süd) as well as a 18 MW wind project in Feldatal that is
planned to come on stream in quarter 3/2024. VERBUND will only take over
the project under construction after commissioning. In total the
acquisition consists of 14 wind turbines manufactured by Enercon, General
Electric and Vestas.
All of the wind power installations are subject to an EEG regime (EEG
2014, 2017 and 2021) and will benefit from a feed-in tariff for 20 years
after being put into operation. It is possible to opt out of the feed-in
tariff for all of the installations. The parties have agreed not to
disclose the purchase price.
VERBUND’s 2030 strategy is to significantly expand solar and wind power so
that around 20–25% of its total electricity is generated from photovoltaic
systems and onshore wind power plants by 2030. The current acquisition is
another step towards achieving this target and, along with the existing
wind power plants in Rhineland-Palatinate with a total capacity of 86 MW,
will enable VERBUND to expand its position in its extended home market of
Germany.
Contact
Andreas Wollein
Head of Group Finance and Investor Relations
Tel.: +43 (0)50 313-52604
Fax: +43 (0)50 313-52694
[1]investor-relations@verbund.com
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25.10.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: VERBUND AG
Am Hof 6A
1010 Wien
Austria
Phone: 0043-1-53113-52604
Fax: 0043-1-53113-52694
E-mail: investor-relations@verbund.com
Internet: www.verbund.com
ISIN: AT0000746409
WKN: 877738
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1756547
End of News EQS News Service
1756547 25.10.2023 CET/CEST
References
Visible links
1. investor-relations@verbund.com
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