HSH Nordbank will provide the ERG Group with long-term project finance amounting €24 million for construction and operation of the Linda wind farm located near Elster in the German state of Saxony-Anhalt.
The wind farm, with six GE 3.6/137 wind turbines, will go into operation in the first half of 2019 and generate a total output of 21.6 MW. The project was awarded following the tender in May 2018 and will, on that basis, receive a rate of return fixed for 20 years.
The ERG Group originates as an Italian oil company based in Milan and Genoa. For more than ten years now, the company has been investing in renewable energy projects and is meanwhile also very active and successful in Germany and France.
Country updates
-
-
December 20, 2018
Senvion to continue servicing 295 MW wind project off German coast
Senvion will continue to service the Nordsee Ost offshore wind farm, following a competitive tender. The turbine supplier’s existing contract with Innogy, the operator of Nordsee Ost, has been...
Read more -
December 17, 2018
Vestas receives order from Enercity for 33 MW wind extension project in Germany
Vestas has received a 33 MW order from German municipal utility enercity Erneuerbare GmbH, a subsidiary of Hannover-based utility enercity AG, for the Klettwitz III B.A. 2.2 project located in Klettwi...
Read more -
December 11, 2018
EDF brings live 34.5-MW repowered wind farm in Germany
EDF Renewables in Germany is announcing the repowering of the Eckolstädt wind farm, the first in a series to come. The Eckolstädt wind farm initially had an installed capacity of 14.5 MW, w...
Read more -
December 04, 2018
Siemens Gamesa discloses new projects totaling 263 MW
Siemens Gamesa Renewable Energy (SGRE) continues to reinforce its strong market position with the supply of 263 MW to onshore wind projects in Sweden, Norway, Germany and Turkey. The turbines typ...
Read more -
November 27, 2018
GIP sells its stake in the Gode 1 wind farm
Global Infrastructure Partners (GIP) plans to sell 50% of its stake in its Gode 1 offshore wind project. The company is now making the terms for the sale. The project has an energy output of 330 MW an...
Read more
