ABO Wind sells over 100 MW of French projects to CEZ

ABO Wind has reported the divestment of nine wind farm projects with a total nominal capacity of about 100 MW to the Czech supplier ČEZ. The amount of the transaction has not been disclosed.

70 percent of ČEZ is owned by the Czech government and it is by its own account among the ten largest European energy suppliers. ČEZ operates wind farms in several European countries – including Germany – and will now enter the French wind market in cooperation with ABO Wind.

ABO Wind will connect these projects, which are in different planning stages, to the grid over the next few years and also be responsible for their operational management.

Last year, ABO Wind applied for permits for the wind energy projects sold to ČEZ as well as another 420 MW in order to secure the tariff applicable until the end of 2016. It offers an inflation-indexed feed-in tariff of approx. €80 (US$90) per MWh over a period of 15 years via a market bonus system.