3U awarded a contract in the Federal Network Agency's onshore wind energy
tendering process

EQS-News: 3U HOLDING AG / Key word(s): Strategic Company Decision
3U awarded a contract in the Federal Network Agency's onshore wind energy
tendering process

08.07.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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3U awarded a contract in the Federal Network Agency's onshore wind energy
tendering process

* Another milestone achieved in the planned capacity expansion

* Repowering project covering 31 MW now moving into implementation

* 3U Group invests around EUR 70 million

* New facilities to be connected up to the grid before the end of 2025

Marburg, 8 July 2024 - Last week Germany's Federal Network Agency (FNA)
announced the results of its most recent round of tendering for (onshore)
wind turbines, which will form the basis for determining the future level of
remuneration for the electricity.

A subsidiary of 3U HOLDING AG (ISIN DE0005167902) in the Renewable Energies
segment was also awarded a contract. The planned new wind turbines in
Langendorf in the Burgenland district of Saxony-Anhalt have already been
commissioned and building activities can now commence. Back in March 2024,
3U received approval under Germany's Federal Immission Control Act for the
construction of the wind turbines. Accordingly, the requirements for
participating in the FNA's May tender were fully met.

The FNA has been issuing invitations to tender since 2017 for the purpose of
determining the funding of onshore wind turbines. The value ascertained
serves as a basis for calculating the amount of remuneration in accordance
with Germany's Renewable Energy Sources Act (EEG) for the respective wind
farm operators. The prices of the successful bids in the pay-as-bid in the
May auction for onshore wind energy were between 7.20 and 7.35 cents per
kilowatt hour. The 3U company received an award price of 7.34 ct/kWh.

Ramping up capacity to 43.0 MW - investments of approximately EUR 70 million

3U's repowering project provides for seven of the 15 existing wind turbines
to be replaced by five new turbines. To this end, the 3U Group is investing
around EUR 70 million in its own project development through to completion.
Financing is to be sourced from available liquidity, but first and foremost
via debt financing on favourable terms from a renowned financial
institution. The project will enter into the implementation phase in the
near future. The delivery and installation of the wind turbines and the
completion of the new substation in the Langendorf Wind Farm have been
planned for the second half of 2025. The new facilities are scheduled to go
live and generate electricity before the end of 2025.

The new Vestas V162 turbines have a nominal output of 6.2 megawatts (MW), a
hub height of 169 meters and a rotor diameter of 162 meters. Implementing
the project will raise the installed capacity in Langendorf from 22.5 MW to
43.0 MW. The electricity production anticipated will increase even more,
providing around 30,000 households with green electricity. In addition, the
wind farm will also save more than 40,000 tons of carbon dioxide a year.

"We are delighted that the Federal Network Agency has awarded us the
contract for the expansion we envisage in our Renewable Energies segment.
The contract represents another key step in implementing the planned
repowering project in Langendorf, with a view to raising our capacities
there to an installed output of 43.0 MW, while more than doubling the
electricity production we expect. This will enable us to make our
contribution to realising the energy transition," states Christoph Hellrung,
3U HOLDING AG's Chief Financial Officer and Management Board member
responsible for the Renewable Energies segment.

About 3U:

3U HOLDING AG (www.3U.net), based in Marburg, Germany, was founded in 1997.
As the operating management and investment holding company, it heads up the
3U Group. With a view to increasing the value for the shareholders,
employees, customers, suppliers and all stakeholders, the company acquires,
operates and sells companies in the three segments of ITC (Information and
Telecommunications Technology), Renewable Energies and SHAC (Sanitary,
Heating and Air Conditioning Technology). The 3U Group operates successfully
and profitably with its business models in mega trends in all three segments
and is striving to attain market leadership in particular with its
e-commerce business model. 3U HOLDING AG shares are traded on XETRA,
Tradegate and on German regional stock exchanges (ISIN: DE0005167902).


Contact:
Thomas Fritsche
Leitung Unternehmenskommunikation & Investor Relations

3U HOLDING AG
Frauenbergstraße 31-33
D-35039 Marburg
Tel.: + 49 (0)6421 999-1200
Fax: + 49 (0)6421 999-1222
Email: IR@3U.net
www.3u.net


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08.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        3U HOLDING AG
                   Frauenbergstraße 31-33
                   35039 Marburg
                   Germany
   Phone:          +49 (0)6421/999-1200
   Fax:            +49 (0)6421/999-1222
   E-mail:         IR@3U.net
   Internet:       www.3u.net
   ISIN:           DE0005167902
   WKN:            516790
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1940847

End of News EQS News Service
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1940847 08.07.2024 CET/CEST