Press Release

Publisher: ABO Wind AG

ABO Wind sells portfolio of 100 megawatts in France

• Largest project sale in company history
• ABO Wind will build nine wind farms being sold to CEZ
• Transaction enables the Czech supplier to enter the French wind energy market

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Wiesbaden (renewablepress) - ABO Wind reports its largest single transaction in the company’s history to date. The project developer has sold nine wind farm projects with a total nominal capacity of about 100 megawatts to the Czech supplier CEZ. 70 percent of CEZ is owned by the Czech government and it is by its own account among the ten largest European energy suppliers. CEZ operates wind farms in several European countries - including Germany - and will now enter the French wind market in cooperation with ABO Wind.

For ABO Wind, France has traditionally been the second most important market after Germany. The French subsidiary ABO Wind SARL has more than 50 employees in Toulouse, Orléans, Nantes and Lyon. They have brought almost 300 megawatts of wind energy on-line and are currently working on additional projects with a total of 800 megawatts. Nine of these projects with a total of 101.8 megawatts were now purchased by CEZ. According to the agreement, 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 SARL has applied for permits for the wind energy projects sold to CEZ as well as another 420 megawatts in order to secure the tariff applicable until the end of 2016. It offers an inflation-indexed feed-in tariff of approx. 80 €/MWh over a period of 15 years via a market bonus system.

Wiesbaden, June 6th, 2017

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Media contact:
Alexander Koffka
phone: +49 611 267 65-515
e-mail: press@abo-wind.com

ABO Wind AG
Unter den Eichen 7
65195 Wiesbaden, Germany

Internet: https://www.abo-wind.com/en

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ABO Wind verkauft Portfolio mit 100 Megawatt in Frankreich

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About ABO Wind AG

ABO Wind is a globally successful project developer for renewable energies with more than 600 employees. Since 1996, the company has connected around 700 wind energy, solar and biogas plants with an output of 1,500 megawatts to the grid.

We are currently working on the development of new projects with a total capacity of ten gigawatts. These projects are located in 16 countries on four continents and exceed the capacity of four average nuclear power plants. Two thirds of the projects under development are wind projects and one third are solar projects.

ABO Wind has more than doubled the number of projects under development from the end of 2017 until today. The assessment must take into account that more than five gigawatts are under development in South Africa and Argentina alone. It is comparatively easy to secure large projects there.

Project development in Iran was discontinued at the beginning of 2019.

The ABO Wind experts provide assessments, handle the approval process and financing, and take care of grid connection and construction. ABO Wind takes on all steps of project development from site acquisition to construction. We purchase projects at all stages of development and bring them to a successful conclusion.

We provide long-term technical and commercial operational management and maintenance, inspections, repairs, gearbox endoscopies or technical assessments.

We offer an open and honest approach to project development, backed up by an experienced team, many of whom have been working within the renewables industry from its early stages. At ABO Wind we see the whole picture and actively engage in public consultation prior to the submission of all of our projects.

Our bioenergy team provides operational management of biogas plants, develops new biogas plants or purchases and improves existing ones, and offers bioenergy services.

In order to contribute to a successful and comprehensive energy transition, our own department for future energy develops new concepts for a clean mobility, energy storage, and hybrid
energy solutions.

Our division of heat supply provides efficient heating and electricity from cogeneration plants or photovoltaics to large real properties.

www.abo-wind.de

Press contact at ABO Wind AG

Alexander Koffka
Mail: alexander.koffka@abo-wind.de
Phone: 0049 (0)611-26 765 515