10.02.2016
ABO Wind AG DE0005760029
DGAP-News: ABO Wind AG: Focus on new countries
DGAP-News: ABO Wind AG / Key word(s): Strategic Company Decision/Market
Report
ABO Wind AG: Focus on new countries
10.02.2016 / 14:09
The issuer is solely responsible for the content of this announcement.
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ABO Wind focuses on new countries
ABO Wind is successfully expanding business activities in new countries.
Currently, Iran offers the most promising perspectives. "We have concluded
several cooperation Agreements with regional partners," says ^Managing
Director Dr. Jochen Ahn. ABO Wind is now recruiting local employees and has
recently opened a new subsidiary in Teheran. This is ABO Wind's second
non-European office location besides Buenos Aires.
ABO Wind is active in Germany and six other European countries. So far, the
German-based project developer has connected a total wind energy capacity
of 1,100 megawatts to the European grid. In 2015, the company founded a new
department for international business development that works from the
company's headquarters in Wiesbaden. Under the supervision of Dr. Karsten
Schlageter, a team of experienced project managers is monitoring countries
worldwide in order to assess potential new markets for ABO Wind. Some of
the relevant criteria to be considered for each country are the structure
of the electricity market, expansion targets for renewable energies, wind
conditions, and legal frameworks.
With the help of other specialized departments such as financing, grid
connection and site assessment, the specialists have identified several
countries that seem most promising. "Our task is now to develop fitting
market entry strategies for each country," says Dr. Karsten Schlageter,
head of the department. "We are doing very well in Iran." Schlageter says
this is due to the many years of isolation of this country:
"For almost ten years, Iran suffered from the Western sanctions because of
their nuclear policy. The nuclear deal and the following lifting of the
sanctions now ignites strong social and economic dynamics."
This also concerns the energy policy. With a population of around 75
Million inhabitants and an area of about 1.6 million square kilometers,
Iran is ranked among the 20 most populated and largest states of the earth.
The country has a very strong interest in developing sustaining renewable
energies. The produced oil is mainly meant for exportation. To cover the
increasing energy consumption of the growing population, the government
wants to develop more on renewables. So far, only around 350 megawatts have
been connected to the grid. The Iranian government has set the goal to add
another another 4,500 megawatts of wind energy capacity by 2018.
But some hurdles have to be overcome in order to achieve this goal. So far,
there are no international banks financing wind energy projects in Iran.
New structures have to be established to fit environmental impact
assessment and grid connection requirements to international standards.
"We want to help wind energy in Iran to a breakthrough," says Dr. Karsten
Schlageter. The premises are good: Iran guarantees a fixed feed-in tariff
for wind energy and supports the development of renewables with binding
regulations. Electric grids and infrastructure are already well-developed.
ABO Wind contributes the expertise from 20 years of working successfully in
the renewable energy sector. The experience as well as contacts to
manufacturers, banks and investors are in high demand at the Persian Gulf.
In cooperation with regional partners, ABO Wind already pre-registered wind
energy projects with a capacity of around 350 Megawatt and founded several
project corporations.
On a website, ABO Wind reports on activities in Iran:
http://www.abo-wind.com/com/wind-energy/iran.html
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10.02.2016 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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Media archive at www.dgap-medientreff.de and www.dgap.de
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436129 10.02.2016
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