===
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
2024-04-26 / 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 CO[2 ]annually.
"Repowering existing sites is an important part of our business. In the coming years, more and more wind turbines will
be phased out of the guaranteed remuneration system under the German Renewable Energies Act. We are systematically
seizing these opportunities. Thanks to our many years of expertise in this area, we can now also contribute to
achieving Germany's installation targets by the end of 2030 with our project in Oederquart", says Peter Szabo, CEO of
Energiekontor AG. "Legacy facilities are very important in our project development activities. Not only do they provide
long-term, site-specific data on wind levels, we can also make use of the existing infrastructure there, allowing us to
plan our projects in the best possible way and realise them in a cost-conscious manner, also in economically
challenging times."
Energiekontor planned and constructed the Oederquart wind park around 25 years ago. Since then, Energiekontor has been
operating two of the ten existing wind turbines in its own portfolio at the Osterende wind park. Energiekontor plans to
sell part of the project and incorporate three of the six new turbines into its own park portfolio, expanding the total
generation capacity of the Group's portfolio by around 17 megawatts.
In February 2024, Energiekontor most recently commissioned the sold repowering wind park project in Bergheim, North
Rhine-Westphalia, with approximately 11 megawatts. Energiekontor has also received six further building permits since
the beginning of the 2024 financial year, including for three wind projects in Germany (around 35 megawatts in total).
The company has likewise received the go-ahead for its two first solar projects in France (around 44 megawatts in
total), and for a British wind project (66 megawatts). Aside from the British project, all of the projects are intended
for the Group's own portfolio. In addition, two German solar parks with a total capacity of more than 70 megawatts are
currently under construction and are to be transferred to the company's own portfolio by the end of 2024 and the first
quarter of 2025 respectively once they are commissioned.
Energiekontor AG's interim report on the first quarter of 2024 will be published on 13 May 2024 and will be available
on the website at https://www.energiekontor.de/en/investor-relations/financial-reports.html.
About Energiekontor AG
For over 30 years, Energiekontor has stood for a solid business policy and extensive experience in renewable energies.
Founded in Bremerhaven, Germany, in 1990, the company is among the pioneers in its industry and is now one of Germany's
leading project developers. Its core business ranges from the planning and construction to the operational management
of wind and solar parks in Germany and abroad. In addition, Energiekontor operates around 40 wind and solar parks with
a nominal power of around 390 megawatts in its own portfolio. Energiekontor also plays a pioneering role in economic
terms and aims to realise the first wind and solar parks in all target markets at market prices as quickly as possible,
independently of state subsidies.
Along with its headquarters in Bremen, Germany, Energiekontor has offices in Bremerhaven, Hagen im Bremischen, Aachen,
Augsburg, Berlin, Berlin-Spandau, Potsdam and Hildesheim. The company also has branch offices in England, Scotland,
Portugal, France and the United States.
Since being established, Energiekontor has a proud track record of realising more than 160 wind and solar park projects
with a total generation capacity of around 1.4 gigawatts. This corresponds to an investment volume of more than 2.0
billion euros (as at 31 December 2023).
Energiekontor AG (WKN 531350/ISIN DE0005313506/General Standard) is listed in the SDAX and the TecDAX of the German
Stock Exchange in Frankfurt and can be traded on all German stock markets.
Contact
Julia Pschribülla
Head of Investor & Public Relations
Phone: +49 (0)421-3304-126
Email: ir@energiekontor.com
Energiekontor AG
Mary-Somerville-Strasse 5
28359 Bremen
Germany
Phone: +49 (0)421-3304-0
Fax: +49 (0)421-3304-444
Email: info@energiekontor.de
Web: www.energiekontor.de/en/index.html

2024-04-26 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      Energiekontor AG 

Mary-Somerville-Straße 5
28359 Bremen
Germany

Phone:        04 21/33 04-126 
Fax:          04 21/33 04-4 44 
E-mail:       ir@energiekontor.de 
Internet:     www.energiekontor.de 
ISIN:         DE0005313506 
WKN:          531350 
Indices:      SDAX, TecDAX 
Listed:       Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1888713

End of News EQS News Service
===
1888713 2024-04-26 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1888713&application_name=news

END) Dow Jones Newswires

April 26, 2024 03:30 ET (07:30 GMT)