Energiekontor AG: Green light for another repowering project in the district
of Aachen - Energiekontor begins construction of the Würselen project

EQS-News: Energiekontor AG / Key word(s): Miscellaneous
Energiekontor AG: Green light for another repowering project in the district
of Aachen - Energiekontor begins construction of the Würselen project

30.04.2024 / 09:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Green light for another repowering project in the district of Aachen -
Energiekontor begins construction of the Würselen project

Bremen, 30 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 Würselen repowering
wind park project in the district of Aachen in North Rhine-Westphalia. The
project, which is now ready for construction, will be included in the
company's own portfolio upon commissioning.

Energiekontor received a building permit for the project in autumn 2023,
enabling it to successfully participate in the renewables tender by the
Bundesnetzagentur, the German Federal Network Agency, in November 2023. The
Würselen 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.

At the site of the former Aachen coal mining area, three installed GE wind
turbines, each with a generation capacity of 1.5 megawatts, are to be
replaced by three new, more powerful wind turbines manufactured by Vestas,
each with a nominal power of 6.0 megawatts. The new V150 turbines have a hub
height of roughly 125 metres and a rotor diameter of approximately 150
metres. By more than quadrupling the total generation capacity to around 18
megawatts once complete, the repowered park's forecast electricity yield
will increase to more than 41 million kilowatt-hours a year - enough to
supply some 12,500 households in Germany with renewable electricity and save
more than 31,000 tonnes of CO2 annually.

Energiekontor planned and constructed the Würselen wind park around 20 years
ago and sold it via limited partnership shares. Once the new wind turbines
are commissioned, Energiekontor plans to incorporate the repowered wind park
completely into its own park portfolio and thus expand the total generation
capacity of the Group's own portfolio by additional 18 megawatts.

'With this second success in a very short time, we are once again
demonstrating our expertise in the repowering sector - we owe this above all
to the dedicated commitment of our experienced employees, who made this
possible,' says Peter Szabo, CEO of Energiekontor AG. 'Two German solar
parks have also been under construction since February 2024. Together with
the wind park projects Würselen in North Rhine-Westphalia and Oederquart in
Lower Saxony, for which we recently also reached financial close, we are now
constructing more than 100 megawatts intended for our own park portfolio. In
addition to our important project development and sales segment, we are thus
expanding our remaining two segments and providing a stable foundation for
further sustainable growth.'

Following the last announcement on the financial close of the Oederquart
repowering wind park project dated 26 April 2024, Energiekontor has been
granted planning permission by the British authorities for a further wind
park project in in the west of Scotland. The approved wind park project
covers a total generation capacity of around 86 megawatts with an additional
battery storage capacity of five megawatts, the largest generation capacity
of a single project for which Energiekontor has ever obtained a permit. For
Energiekontor, this project marks the second planning permission for a wind
park project with more than 50 megawatts in the United Kingdom.

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


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30.04.2024 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.

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   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:    1891975

End of News EQS News Service
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1891975 30.04.2024 CET/CEST