Capital Stage, the SDAX-listed solar and wind park operator based in Hamburg, has announced the acquisition of an onshore wind park in the German Federal state of North Rhine-Westphalia with a generation capacity of 7.5 MW.
The total investment volume for the onshore wind park acquired, including debt financing on the project level, sums up to some €20 million (US$22.3 million). The wind park is part of a repowering project and thus has long-term data regarding the wind supply. Grid connection is scheduled to be established during the fourth quarter of 2016.
The onshore wind park is located in the federal state of North Rhine-Westphalia near by the city of Grevenbroich. The wind park comprises three wind turbines of the type General Electrics 2.5 120 with a hub height of 120 metres. The park is a so-called re-powering wind park, which involves replacing old wind park installations with new ones. The acquisition is subject to the usual conditions precedent.
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 8.48 Euro-Cent per kilowatt-hour (kWh) for a period of 20 years. Beginning with the first full year of operation, Capital Stage expects the new wind park to generate revenue contributions of nearly €2 million (US$2.2 million).
Project developer and seller of the wind park is the Energiekontor AG with which Capital Stage already has a successfully cooperation since November 2015. The newly acquired wind park is already the third wind park Capital Stage bought from the 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 140 MW thereby raising its total generation capacity from solar – and wind energy to significantly more than 600 MW.