EnBW and Energiekontor sign first long-term Power Purchase Agreement for subsidy-free solar park
- 15-year contract delivers planning certainty
- Energiekontor: Key milestone towards 85 megawatt Marlow/Dettmannsdorf solar park
Bremen/Karlsruhe. EnBW Energie Baden-Württemberg AG and Energiekontor AG have signed a long-term power purchase agreement (PPA) for a solar park planned by Energiekontor. The planned solar park east of Rostock is to be built and operated by Energiekontor and will have an installed capacity of some 85 megawatts for an output of around 88 gigawatt-hours of electricity per year. That is enough to supply some 25,000 households with electricity all year round. The PPA between EnBW and Energiekontor is among the first of its kind in Germany. It enables Energiekontor to build and operate the PV system without subsidies under the German Renewable Energy Sources Act. EnBW undertakes under the agreement to purchase 100% of the electricity at a fixed price. Over the agreed 15-year term, the two companies expect the installation to generate a total of some 1.3 terawatt-hours of electricity.
“Marketing renewable-generated electricity is core business for EnBW with its outstanding energy trading expertise and large customer base. Part of our trading strategy consists of continually adding to our product range and extending the time horizon on transactions. This also includes entering into long-term power agreements in Germany and other European markets. So we are very pleased, together with our partner Energiekontor, to play a pioneering role in the marketing of electricity from large solar installations in Germany. The market for PPAs has already seen strong growth internationally in recent years. Our collaboration with Energiekontor is a key step in the implementation of solar power projects without state subsidies, including in Germany,” said Peter Heydecker, head of the Trading segment at EnBW.
“We pursue the vision of one day being able to meet 100 percent of our energy needs from renewables. As pioneers in our industry, we aim to be among the first to build wind farms and solar parks with lower generating costs than the conventional energy sector. As well as far superior environmental credentials – which have always been in their favour – renewable energies now also score in terms of better cost effectiveness. “Energiekontor has already built the first subsidy-free wind farm in the UK, and we now aim to lead as pioneers in Germany in building the first large solar park outside of the Renewable Energy Sources Act regime. With the PPA signed, we now have a sound basis to press ahead with developing the Marlow/Dettmannsdorf solar park project,” said Peter Szabo, CEO of Energiekontor AG.
Energiekontor will implement the project on 120 hectares of farmland in the city of Marlow and the community of Dettmannsdorf. The solar park is scheduled to go on stream at the end of 2020.
About Energiekontor
For nearly 30 years, Energiekontor has stood for a sound approach to business and a wealth of experience in wind power. 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. Its core business covers planning, construction and operational management of wind farms in Germany and abroad, and was expanded to include solar power in 2010. Energiekontor also owns and operates wind farms and solar parks with total rated power of just under 280 megawatts. Energiekontor AG now also intends to be a pioneer when it comes to economic viability in realising the first wind farms and solar parks at market prices without state subsidies in all target markets as quickly as possible.
In addition to its headquarters in Bremen, Energiekontor also maintains offices in Bremerhaven, Hagen im Bremischen, Aachen, Dortmund, Bernau bei Berlin and Potsdam. The company also has branch offices in England (Leeds), Scotland (Glasgow), Portugal (Lisbon), the Netherlands (Nijmegen), the US (Austin, Texas and Rapid City, South Dakota) and France (Toulouse). The establishment of an additional office in France (Rouen) is currently in the making.
The track record speaks for itself: 121 wind farms and three solar parks completed with a total rated power of just under 1 gigawatt. This corresponds to an investment volume of more than €1.6 billion.
Energiekontor went public on 25 May 2000. The shares of Energiekontor AG (WKN 531350/ISIN DE0005313506) are listed in the General Standard segment of Frankfurt Stock Exchange and can be traded on all German stock exchanges.
|
Energiekontor AG
|
Reuters: EKT
|
ISIN: DE0005313506
|
About EnBW
EnBW Energie Baden-Württemberg AG is one of the largest energy supply companies in Germany and Europe, and supplies electricity, gas, water and energy-related products and services to around 5.5 million customers with a workforce of 21,000 employees. We will continue to expand our position as a sustainable and innovative infrastructure partner to customers, consumers and local authorities.
EnBW Trading assists EnBW Trading customers as an equal partner with the integration of their power generating assets into the market and in this way supports the market integration of renewable energies with its services and expertise. Trading also manages the procurement of fuels and carbon credits, is responsible for optimum power generation capacity deployment, sells electricity generated by EnBW power plants and purchases electricity for resale.
Contact Energiekontor:
Investor Relations / Press
Peter Alex
Tel.: (+49-421) 3304-126
E-Mail: ir@energiekontor.de