EnBW will continue to manage, service and maintain the wind farms and market the green power they generate. The annual output of some 300 GWh is enough to meet the needs of over 100 000 three-person households in Germany. All of them benefit from a feed-in tariff under the German Renewable Energy Sources Act.
Completion of the transaction is subject to clearance by relevant regulatory authorities and is expected for spring 2021. Both parties have agreed not to disclose the purchase price.
EnBW Chief Financial Officer, Thomas Kusterer: “In Commerz Real, we are delighted to have found an investor with a long-term commitment to ENBW’s projects. The partnership covers the entire operating life of the wind farms. We plan to invest the sale proceeds in new growth projects, primarily in the renewable energy segment.”
For more news and technical articles from the global renewable industry read our latest issue of Energy Global magazine.
Energy Global’s Winter 2020 issue
The Winter issue of Energy Global provides a range of technical articles covering technological advancements and future outlooks in the renewables sector, from companies including CorPower Ocean, Rystad Energy, Black & Veatch, Voltalia, FUERGY, and more.
