Bremen, 18 April 2018. By connecting the Garzau-Garzin solar park to the grid, Energiekontor AG has now completed the construction of the project commenced at the end of 2017. The solar park with more than 35,000 polycrystalline photovoltaic (PV) modules and total rated power of about 10 MWp is located in the district of Märkisch Oderland in the eastern part of the German federal state of Brandenburg. The expected annual output of more than 10 million kWh would suffice in theory to supply more than 3,000 households with electricity. Since the PV project had already been awarded in the auction round in April 2016, the electricity from the park will be remunerated at an attractive feed-in tariff under the German Renewable Energy Sources Act (EEG) for a period of 20 years. Garzau-Garzin is the first solar park to be transferred to Energiekontor AG’s own portfolio.read more
Bremen, 12 April 2018. Given the significant additions to Group-owned wind farms from own developments, Energiekontor AG’s earnings for the 2017 financial year were in line with expectations. Group EBT amounted to EUR 16.7 million (previous year: EUR 35.5 million) and consolidated net income came to EUR 11.9 million (previous year: EUR 25.3 million). At EUR 202.1 million, the Group’s total output was well above the previous year (previous year: EUR 166.7 million) and underlines the sustained high productivity and ability of the Company to create value.read more
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