EQS-News

Energiekontor AG: Green light for repowering project in the district of Stade – Energiekontor begins construction and partial sale of the Oederquart project

EQS-News: Energiekontor AG / Key word(s): Miscellaneous Energiekontor AG: Green light for repowering project in the district of Stade – Energiekontor begins construction and partial sale of the Oederquart project 26.04.2024 / 09:30 CET/CEST The issuer is solely responsible for the content of this announcement. Green light for repowering project in the district of Stade – Energiekontor begins construction and partial sale of the Oederquart project

Bremen, 26 April 2024 – Energiekontor AG (“Energiekontor”), a leading German project developer and operator of wind and solar parks listed in the General Standard, has reached the financial close stage of the Oederquart repowering wind park project in the district of Stade in Lower Saxony. The project, which is now ready for construction, will be partly sold and partly included in the company’s own portfolio.

Energiekontor received a building permit for the project in summer 2023, enabling it to successfully participate in the renewables tender by the Bundesnetzagentur, the German Federal Network Agency, in autumn 2023. The Oederquart repowering project has since progressed to financial close. Now that the loan for the project has been approved, work can begin on dismantling the existing and constructing the new wind park.

The ten Enercon wind turbines at the site, each with a generation capacity of 1.5 megawatts, are to be replaced by six new, more powerful wind turbines from the same manufacturer, each with a nominal power of around 5.6 megawatts. The new E-160 EP5 turbines have a hub height of roughly 120 metres and a rotor diameter of approximately 160 metres. By more than tripling the total generation capacity to around 33 megawatts once complete, the repowered park’s forecast electricity yield will increase to more than 85 million kilowatt-hours a year – enough to supply some 26,000 households in Germany with renewable electricity and save roughly 65,000 tonnes of CO₂ annually.