18.04.2018
Energiekontor AG DE0005313506
DGAP-News: Energiekontor AG: Energiekontor adds first solar park, Garzau-Garzin, to Group portfolio
DGAP-News: Energiekontor AG / Key word(s): Miscellaneous
Energiekontor AG: Energiekontor adds first solar park, Garzau-Garzin, to
Group portfolio
18.04.2018 / 08:30
The issuer is solely responsible for the content of this announcement.
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Garzau-Garzin solar park is connected to the grid
Energiekontor adds first solar park to Group portfolio
Bremen, 18 April 2018. By connecting the Garzau-Garzin solar park to the
grid, Energiekontor AG has now completed the construction of the project
commenced at the end of 2017. The solar park with more than 35,000
polycrystalline photovoltaic (PV) modules and total rated power of about 10
MWp is located in the district of Märkisch Oderland in the eastern part of
the German federal state of Brandenburg. The expected annual output of more
than 10 million kWh would suffice in theory to supply more than 3,000
households with electricity. Since the PV project had already been awarded
in the auction round in April 2016, the electricity from the park will be
remunerated at an attractive feed-in tariff under the German Renewable
Energy Sources Act (EEG) for a period of 20 years. Garzau-Garzin is the
first solar park to be transferred to Energiekontor AG's own portfolio.
Peter Szabo, CEO of Energiekontor AG, is pleased: "The project is an
excellent example of our growth strategy of expanding and diversifying our
own power generation portfolio, taking our portfolio up to a total of about
270 MW. We are planning to significantly expand our solar activities in
Germany, but especially in the US and France. Energiekontor intends, for
instance, to close the first major solar projects in the USA purely on the
basis of power purchase agreements. Our vision in Europe and the US is to
take a pioneering role in realising the first wind farms and solar parks
without subsidies at actual market prices."
About Energiekontor AG:
For the last 25 years, Energiekontor has stood for a sound approach to
business and a wealth of experience in wind power. Formed in Bremerhaven in
1990, the Company was one of the pioneers in the industry and is now one of
the leading German project developers. Its core business covers the
planning, construction and operational management of wind farms in Germany
and abroad, and was expanded to include solar power in 2010. Energiekontor
also currently owns and operates 34 wind farms and one solar park with total
rated power of around 270 megawatts. Now, Energiekontor AG intends to extend
its pioneering role to commercial aspects and to realise wind farms and
solar parks at pure market prices without state subsidies in all target
markets as quickly as possible.
In addition to its headquarters in Bremen, Energiekontor also maintains
offices in Bremerhaven, Hagen im Bremischen, Aachen, Bernau (near Berlin)
and Dortmund. The Company also has branch offices in England (Leeds),
Scotland (Glasgow), Portugal (Lisbon) and the Netherlands (Nijmegen). The
formation of additional branch offices in the US and France is currently
underway. Our track record speaks for itself: We have realised 118 wind
farms with total rated power of around 940 megawatts and three solar parks
with total rated power of almost 30 megawatts. This corresponds to an
investment volume of roughly EUR 1.5 billion.
Energiekontor went public on 25 May 2000. The shares of Energiekontor AG
(WKN 531350/ISIN DE0005313506) are listed in the General Standard segment of
the Frankfurt Stock Exchange and can be traded on all German stock
exchanges.
Contact:
Investor Relations/Press
Dr Stefan Eckhoff
Phone: (+49-421) 3304-0
Email: [email protected]
Energiekontor AG / Reuters: EKT / ISIN: DE0005313506
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18.04.2018 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,
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Archive at www.dgap.de
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Language: English
Company: Energiekontor AG
Mary-Somerville-Straße 5
28359 Bremen
Germany
Phone: 04 21/33 04-0
Fax: 04 21/33 04-4 44
E-mail: [email protected]
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
End of News DGAP News Service
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675577 18.04.2018
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