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Energiekontor AG: Company performance 2017 on target so far

DGAP-News: Energiekontor AG / Key word(s): Quarterly / Interim Statement Energiekontor AG: Company performance 2017 on target so far 15.05.2017 / 10:27 The issuer is solely responsible for the content of this announcement. Interim status report of Energiekontor AG for the first quarter of 2017

Company performance 2017 on target so far

Bremen, 15 March 2017. Energiekontor AG is no longer obliged under the most recent capital market provisions to disclose quarterly or interim reports. Nevertheless, the Management Board has decided to publish status reports using this format in German and English in May and November of each financial year in order to ensure constant transparency and to inform our investors of the most important occurrences in the ongoing financial year.

The financial year to date is in line with our expectations. The individual segments saw the following developments:

a) Project Development and Sales (Wind, Solar)

Since the beginning of 2017, Energiekontor has obtained financial closing for additional projects that had already been granted permission at the end of 2016. Thus, some 47 MW, more than half of the wind farms approved in Germany, are now under construction.

In Lower Saxony, this concerns the Hammelwarder Moor project (10.2 MW). Three wind turbines with rated power of 3.4 MW and a hub height of 119 metres each are planned at this wind farm near the city of Brake. Construction is going according to plan.

In the key region of North Rhine-Westphalia, the construction phase for the Wachtendonk-Wankum project (2.5 MW) as well as the wind farms Kreuzau-Steinkaul (5.5 MW), Heinsberg-Waldenrath (7.2 MW) and Niederzier (8.25 MW) has begun following the successful financial close. In the latter project, three turbines, each with 2.75 MW and a total height of 199 metres, are under construction.

Energiekontor also completed the financial close for the Hürth-Barbarahof project (5.0 MW) in the district of Rhein-Erft-Kreis at the beginning of May. Two 2.5 MW turbines with a total height of 170 metres are to be built here by the end of the year. Due to the close season under environmental law, construction is not expected to begin before late summer.