Equiventus acquires shares of the WKN AG 450 Megawatt Project Pipeline
Wind energy projects in Italy and Poland
Five of the eight projects in Italy will be built with an installed output of about 300 megawatts. The smallest of the projects planned comprises 18 megawatts and the largest 120 megawatts. A total of 140 wind turbines type V90 manufactured by the global market leader Vestas are to be built, each with an installed output of two or three megawatts and a hub height of 105 meters. The projects will obtain their construction permits between 2011 and 2012 and erection is planned to take place from the end of 2011 to 2013.
The three Polish projects will have a total capacity of approx. 150 megawatts, the largest one with an installed output of 93 megawatts. Vestas turbines type V112, each with an installed output of about three megawatts and a hub height of 119 meters, are mainly utilized in these projects. The locations will obtain their construction permits between 2012 and 2014 and will be erected between 2013 and 2015.
Once again WKN assumes the entire coordination of the construction of the large projects, as they did at the "Bardy" wind farm. The investor Equiventus has assigned the experts of WKN to function as the so-called owners' engineer.
"WKN stands for high quality projects. We are proud to have convinced one of our investors of this," says Martinus Scherweit, CEO of WKN Windkraft Nord. "We are looking forward to strategic cooperation with Equiventus in the years to come."
Equiventus Holding S.A.
Equiventus group pursues wind projects from development to completion, whilst securing the expected return to their investors on a long term perspective. Through its subsidiaries Equiventus Capital based in Luxembourg, and Equiventus Advisory having its seat in Munich, Germany, the company identifies, structures and finances the development and the construction of wind projects, acquires and operates wind parks through strategic partnerships with key players in wind industry. The wind power portfolios are placed into individual investment companies inviting investors to align capital and interest. The company was founded in August 2010 and has since then secured a project portfolio of more than 250 MW. The investments are mainly placed on projects in Poland, Bulgaria, Romania and Italy.
WKN Windkraft Nord AG
WKN Windkraft Nord AG has planned, installed and operated turnkey wind farms in Germany since 1990. In addition, WKN AG is also expanding abroad and is internationally represented by subsidiaries in numerous European countries and the USA. Up to now, the company initiated and realized a total of more than 1,000 megawatts capacity wind energy. WKN AG is part of the innovative "House of Future Energies" corporate network in Husum, an established center of excellence for renewable energy sources in Germany. The company is a wholly owned subsidiary of BGZ Beteiligungsgesellschaft Zukunftsenergien AG, or BGZ AG for short.
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