Share Deal Wind Farm Portfolio NRW with Approved Repowering

An ongoing wind farm in North Rhine-Westphalia is being offered as part of a share deal. The existing wind farm comprises five Enercon E-53s with a total capacity of 4 MW and built in 2013. According to the operator, the turbines are technically in very good condition.

For the asset, there is so far an approved repowering option for an Enercon E-175 with 6 MW and 162 m hub height. The implementation provides for four E-53s to be replaced by one E-175; one E-53 can remain after repowering.

The current portfolio has an EEG remuneration of 9.63 ct/kWh until 2034. A grid connection commitment of 8 MW has been submitted. New usage contracts provide for a future lease of around EUR 74,000 per year.

Based on the current state of information, the preliminary value indication is around EUR 3.2 to 4.0 million Enterprise Value cash- and debt-free. An ambitious market positioning in the range of around EUR 4.2 to 4.5 million can be examined in the structured process.

The reason for the sale is an age-related exit; an economic emergency is not reported. For qualified interested parties, further operating data, project documents and documents on the repowering business case are available in the further process.