"I am delighted that we were able to successfully complete the transaction despite the current coronavirus crisis and thus continue our good cooperation with EAM," explains Gernot Gauglitz, Managing Partner of the UKA Group.
The project deploys twelve V126 wind turbines, manufactured by Vestas, with a total nominal output of 43.2 megawatts to power the equivalent of 40,000 German households.This saves more than 47,000 tons of harmful CO2 annually. The systems were designed by the project development unit UKA Cottbus. This was a repowering project, in which twelve outdated systems from 2001 were replaced with more efficient and modern ones. The new wind turbines produce green electricity with 3.6 times the nominal output of the old systems.
"With electricity tariffs guaranteed for 20 years, the Warnsdorf wind farm is an ideal fit for the diversified portfolio of our specialist fund and is further proof that we are able to implement new and lucrative wind energy projects even in these challenging times", said Karsten Mieth, CEO Encavis Asset Management, upon the announcement of the successful transaction.
The UKB (Umweltgerechte Kraftanlagen Betriebsführung) will continue to be responsible for the technical operations management of the systems. The sale of the Warnsdorf wind farm marks the second successful joint transaction between Encavis Asset Management AG and UKA Group.