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Energiekontor AG: Sale and commissioning of Nadrensee solar park

Press release from 09-01-2016

Project developer from Bremen successfully completes solar project

Bremen, 1 September 2016. Energiekontor AG has sold the Nadrensee solar park to the public utilities company Stadtwerke Tübingen. The solar park went into operations and was connected to the grid only a few days after the agreements were signed. The project was bought in the first auction round for solar plants in Germany in April 2015.

The Nadrensee solar park is a greenfield PV plant with a string inverter concept and rated power of just under 9 MWp. The plant is located in the Vorpommern-Greifswald district at the south-eastern end of Mecklenburg-Western Pomerania. A total of 57,600 CIS thin-film solar modules have been installed in this solar park on both sides along the A 11 motorway.

Peter Szabo, CEO of Energiekontor AG, is satisfied: “With the Nadrensee project, we have successfully implemented our first tender project in the solar sector. In line with our growth strategy, we intend to expand the solar business further in the future. For this purpose, we not only focus on the German market but equally look for opportunities abroad such as in the south of France and in the US.” With regard to the full year 2016, he adds: “In addition to the already signed purchase agreements for five wind farms, the sale of Nadrensee is an important milestone for our earnings target this year. However, completing these wind farms that are still under construction before the end of the year as planned and the successful and complete sale of another large wind farm, which is still in process, in the course of 2016, are key prerequisites for reaching this target.” 

About Energiekontor AG:
For the last 25 years, Energiekontor has stood for a sound approach to business. Formed in Bremerhaven in 1990, the Company was one of the pioneers in the industry and is now one of the leading German project developers. The Company's core business covers the planning, construction and operational management of wind farms in Germany and abroad, and was expanded to include solar power in 2010. In addition, Energiekontor also currently owns and operates 33 wind farms with a total rated power of around 269 megawatts (MW).
 
In addition to its headquarters in Bremen, Energiekontor also maintains offices in Bremerhaven, Hagen im Bremischen, Aachen, Bernau (near Berlin), Dortmund and Neubrandenburg. The Company also has subsidiaries in England (Leeds), Scotland (Glasgow), Portugal (Lisbon) and the Netherlands (Nijmegen). Our track record speaks for itself: 102 wind farms completed with around 580 turbines and a total rated power of just under 850 MW. This corresponds to an investment volume of over EUR 1.3 billion.
 
The Company went public on 25 May 2000. Energiekontor AG (WKN 531350/ISIN DE0005313506) is listed in the General Standard segment of the Frankfurt Stock Exchange and the Energiekontor shares can be traded on all German stock exchanges.

Peter
Alex
Head of Investor Relations

Tel.: +49 421 3304-126
Fax: +49 421 3304-444
Peter.Alex@energiekontor.com