DGAP-News: Energiekontor AG / Keyword(s): Agreement/Assignment
05.04.2022 / 08:46
The issuer is solely responsible for the content of this announcement.
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“Pines Burn” already third wind farm project sold to Capital Dynamics
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Nearly 100MW of Energiekontor’s project pipeline in Scotland already successfully sold
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It is estimated that the wind farm project will reduce greenhouse gas emissions by more than 0.5 million metric tonnes over its lifetime and thus contribute to Scotland’s goal of achieving the ” net zero” by 2045
Bremen/London, 5 April 2022 – Energiekontor (ISIN DE0005313506), a leading German project developer and operator of wind and solar farms, has sold another wind farm project in Scotland to Capital Dynamics, an independent global private asset management firm. Pines Burn is a 34 MW off-the-shelf, grant-free onshore wind project located in the Scottish Borders, Scotland, and is expected to enter commercial operation in the second half of 2023.
Pines Burn is already the third wind farm project sold by Energiekontor to Capital Dynamics in Scotland after the Longhill and Sorbie wind projects in 2021. Thus, almost 100 MW of Energiekontor’s project pipeline in Scotland has already been successfully sold. .
“The realization of our Scottish project pipeline continues to gain momentum. In less than a year, we have already been able to sell almost 100 MW of wind projects. We are particularly pleased with the continued cooperation with Capital Dynamics , as a renowned and reliable company and a solid partner.” explains Peter Szabo, CEO of Energiekontor. “We will continue the successive and successful completion of our well-filled pipeline of projects in Scotland in the months ahead. In doing so, we are also helping to increase Scotland’s independence from fossil fuels and achieve its goal of reaching “net zero” by 2045.”
“With the growing importance of energy security in Europe, we are delighted to add the Pines Burn Wind Farm to our extensive program of investments in building new renewable energy generation capacity across the continent,” said said Barney Coles, co-director of Capital Dynamics Clean Energy. “Our long-standing collaboration with Energiekontor continues to deliver infrastructure that will support long-term reductions in household energy bills and create local green jobs that support the UK’s ‘race to the top’ agenda while making a significant contribution to its net zero ambitions.”
The project will make significant financial contributions to local community groups. During the construction of the project, the site will employ more than 85 workers, many from the region. In addition, Pines Burn is estimated to reduce greenhouse gas emissions by 0.5 million metric tonnes over its lifetime and generate the equivalent of the electricity consumption of over 23,200 UK households. means per year. (1).
About Energiekontor AG
A solid commercial policy and a great experience in renewable energies: this is what Energiekontor has stood for for more than 30 years. Founded in Bremerhaven in 1990, the company is one of the pioneers in the industry and is today one of the leading project developers in Germany. Its core business ranges from planning and construction to the operational management of wind farms in Germany and abroad and was extended in 2010 to solar energy. In addition, Energiekontor operates wind and solar parks with a nominal output of around 330 megawatts in its own portfolio. Energiekontor AG also aims to play a pioneering role economically and to realize the first wind and solar parks as quickly as possible in all target markets at market prices, independent of state subsidies.
In addition to its headquarters in Bremen, Energiekontor has offices in Bremerhaven, Hagen im Bremischen, Aachen, Augsburg, Bernau near Berlin, Potsdam, Berlin-Spandau and Hildesheim. The Company also has offices in England (Leeds), Scotland (Edinburgh, Glasgow), Portugal (Lisbon), USA (Houston/Texas and Rapid City/South Dakota) and France (Toulouse, Rouen) . The proud record of achievements since the creation of the company: 130 wind farms and 12 solar farms completed with a total production of more than 1 gigawatt. This corresponds to an investment volume of approx. 1.8 billion euros. The company went public on May 25, 2000. Energiekontor AG stock (WKN 531350 / ISIN DE0005313506) is listed on the General Standard of the German Frankfurt Stock Exchange and can be traded on all German stock exchanges.
Contact
Energiekontor SA
Up to Giessmann
Phone. : +49 421 3304-126
till.giessmann@energiekontor.de
About Capital Dynamics
Capital Dynamics is an independent global asset management firm focused on private assets, including private equity, private credit and clean energy. The Company’s Clean Energy Platform makes direct equity investments in carbon-reducing renewable energy generation from late-stage development to commercial operations.
As a sustainable asset manager, we have gone beyond standard ESG requirements by designing, implementing and filing Capital Dynamics’ R-Eye(TM) rating system – a unique, best-in-class approach in due diligence and rating of each investment based on PRI Principles and United Nations Sustainable Development Goals. Since the founding of Capital Dynamics’ clean energy platform in 2010, more than 25 million metric tons of greenhouse gas emissions have been avoided through the company’s renewable investments. This is equivalent to the power needed to power more than 4 million homes or passenger vehicles for a year. (2). In 2021, the Clean Energy strategy received top rankings from GRESB (the ESG benchmark for real assets) for its commitment to sustainability. For more information, please visit: www.capdyn.com.
Contact
Capital dynamics
Rebecca Hart
Prosek Partners
pro-capdyn@prosek.com
Phone. : +44 (0) 7903 256182
(1) Environmental benefits are projected based on environmental impact data published by the UK Department for Business, Energy & Industrial Strategy
(2) Environmental benefits are based on the US Environmental Protection Agency’s Greenhouse Gas Equivalents Calculator.
05.04.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
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