Windreich AG, German builder and operator of wind-parks with large experience in the areas of on-shore and off-shore operations is today starting a co-operation with the energy-network operator Swisspower Renewables AG and is selling the largest wind-park of Bavaria to the Swiss.
The Windpark ´Hof´ was configured and financed by Windreich, erected in 2011/12 and will also in future be operated by Windreich. The wind park is located in Upper Franconia, west of the Autobahn A9, between Nuremberg and Chemnitz in the County of Hof (Saale). Implemented will be eight wind power facilities Type Enercon E-82, with a nominal output of 18.4 MW and a hub-height of 138 meters producing an annual yield of approximately 39,000,000 kWh.The sales contract encompasses seven 2.3 MW wind-power stations. This equals a performance of 16.1 MW and services 28,000 people with clean electric energy.
The sale of the remaining wind-power facilities to Swisspower Renewables AG provides Windreich AG a liquidity surplus of around 14 million EURO into the cash box after their project financing is returned. The proceeds of the sale of Onshore-Wind parks as well as electric power sales from Windreich´s own power stations secure investments in the area of Offshore and provide for a stable cash-flow for ongoing expenses like e.g. interest payments for the in the market segment Bondm noted bonds at the Stuttgart Stock Exchange.
For Swisspower AG, which is a self-contained enterprise of the Swisspower network of Swiss municipal power corporations, it is first step toward a successful co-operation with the German wind-power pioneer Windreich AG.
Daimler AG took over the first of eight wind-power stations in May of 2012 when that wind-park was opened. The automobile manufacturer intents to provide as much regenerative energy as needed in the network for the operation of all Smart Fortwo Electric Drive vehicles of the latest generation in Germany. With this one of a kind project model, the enterprise, apart from its core business, sets a clear signal and example that CO2 neutral mobility is possible with electric cars and consciously does without the funding support as provided by the Renewable Energy Legislation.
About Windreich AG
Founded in 1999 by Dipl.-Wirt.-Ing. (FH) Willi Balz, Windreich AG with head offices in Wolfschlugen holds shares of companies in the area of on- and offshore wind energy. Windreich AG employs more than 130 experienced men and women and is one of the most successful wind power enterprises in Germany today, already with over 1,000 financed, erected and operating wind power stations. Three Windreich AG wind parks are amongst the top-ten of the best Off-Shore types in Germany. Amongst them is award winning Global Tech 1 with a nominal output of 400 MW, ranking in Number 1 position and named project of the year. Last year Global Tech 1 received 1.047 billion EURO project financing from 16 banks, among them the European Investment Bank and the KfW. Just prior, Willi Balz had already provided for 800 million in equity capital by six renowned southern German investors. All authorized Offshore projects are according to plan and have network connection commitments.
Already 20 further projects in the German North Sea with a nominal output of 8.4 MW have been secured. This way Windreich is contributing to the energy - change in a sustaining manner and will in future be capapble of supplying 20 million people with wind energy free of CO2.
Since 2010 and/or 2011 Windreich AG holds two bonds on the capital market. The 6.5% Bond 2010/2015 (WKN A1CRMQ7) and the 6,5% Bond 2011/2016 (WKN A1H3V3) are represented in the trading segment Bondm at the Stuttgart Stock Exchange.
About Swisspower Renewables
Swisspower Renewables AG is the leading service company for energy supply, volume customers and KMU. The cooperation of 20 Swiss municipal corporations provides for the Swisspower network. Under a common umbrella, there are 4 self-sustained companies focusing directly on different fields of activities. Together they form a unique network of expertise and make Swisspower Number 1 for all aspects in energy. Swisspower accounts for 1 million customers for energy and with its 5.700 employees achieves a sales volume of 3.8 billion Swiss Francs.
Further information about Windreich AG can be found at www.windreich.ag. Queries may be addressed to the company´s press department at: +49 (0)7022 953 060.
End of Media Release
Photos will be distributed by mecom-bildkanal and available at http://newsfeed2.equitystory.com/windreich/176420.html
Caption: Historie der ersten von der Windreich AG initiierten 400 MW-Offshore-Windparks Global Tech I
