Capital Stage, a SDAX-listed solar and wind park operator, has acquired an onshore wind park in the German Federal state of Lower Saxony with a generation capacity of some 6.4 MW. Bremen-based Energiekontor AG is the project developer and seller of the wind park.
The facility is located between the city of Cuxhaven and Wischhafen in the German Federal state of Lower Saxony. The wind park comprises two wind turbines of the type Senvion 114 G-3.25 with a hub height of 120 meters. The park is a so-called re-powering wind park, which involves replacing old wind park installations with new ones. The park is expected to be fully running by the end of December 2016. The total investment volume, including debt financing on the project level, is about €13.5 million (US$14.8 million).
Due to the re-powering status, long-term data regarding the wind supply directly on-site can be used for the revenue calculations. The data base covers a period of about ten years of wind supply history in the region. Moreover, the wind park benefits from a guaranteed feed-in tariff of 8.40 Euro-Cent per kilowatt-hour (kWh) for a period of 20 years adjusted for expenses associated with direct marketing of electricity. Beginning with the first full year of operation, Capital Stage expects the new wind park to generate revenue contributions of nearly €1.4 million (US$1.5 million).
Already in November 2015 and May 2016 Capital Stage acquired onshore wind parks based in Germany from Energiekontor AG. Also the commercial and technical management of the newly acquired wind park will be provided by a subsidiary of Energiekontor AG.
The new acquisition increases Capital Stage’s total generation capacity from wind power to over 130 MW thereby raising its total generation capacity from solar – and wind energy to more than 600 MW.