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Press Release

Publisher: wpd GmbH

WPD group took over EBV wind farms

Bremen - The WPD group took over the business and operational management for about 130 wind turbines from the EBV Management Holding AG. The shares from twelve shareholder partners as well as the obligations for different long-term existing service contracts were acquired. As a result WPD has again extended its wind park portfolio remarkably.

After having taken over several wind farms from P&T Technology AG and Provento AG in the previous years, the WPD was now able to set another milestone due to the agreement with the EBV Management Holding AG. All in all more than 600 wind energy turbines are being operated from the locations of the WPD in Bremen and Egeln today. The executive board of the WPD, Dr. Klaus Meier points out: “It is our aim to increase the number of wind energy turbines to a total of 1000 turbines within the next three years. Half of these projects shall be developments on our own, whereas the others are planned by external developers. Due to this strategy we are able to generate commercial and technical synergies more effectively. As a result this will benefit the gain of profit of the shareholders and their limited partnerships.” There are obviously difficult projects among the wind farms that have been taken over, but WPD understands this as a chance to stress their own abilities and competence on the market. “On the basis of studies comparing the actual state and the situation after the takeover of the business management, WPD will be able to demonstrate which effects can actually be accomplished,” Dr. Meier remarks.

Short portrayal of WPD:

Since 1996 the WPD AG implements renewable energies projects and meanwhile has become market leader in the commercial development and syndication of wind farms. Until mid 2004 over 70 wind farms projects with a total capacity of more than 700 megawatts were developed and successfully placed on the windenergy market. Due to this fact WPD was in the position to place investments amounting to 1 million euros.

The services of the WPD group comprise among others the business conception and commercial project controlling as well as structuring the project financing. WPD offers its services to international utilities and advises on state tenders in every stage of wind farm development. On foreign markets WPD provides city offices in Stockholm and London and has founded subsidiaries in Spain, France, Italy, Sweden and Australia- a number of projects are currently under development. The innovative offshore farm segment is also expanding: five projects in the North Sea and in the Baltic Sea are being enhanced. The credit rating of the WPD AG, with a registered capital of 10 million euros, has additionally obtained an “A” rating by the Euler Hermes GmbH.



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About wpd GmbH

wpd was founded in Bremen in 1996 and has developed into one of the leading developers and operators (IRPP) of onshore wind and solar parks in Europe. wpd GmbH has over 1,300 employees worldwide. In addition to wpd GmbH (project developer and operator), the wpd group also includes wpd windmanager (commercial management and technical operation of wind and solar parks).

wpd is active in 33 countries worldwide and has implemented projects with 2,810 wind turbines and a total output of 6,970 MW, as well as solar energy projects with an output of 70 MW. The company's own portfolio includes projects with a total capacity of 3,512 MW.

In addition to developing its own projects, the company also takes on project partnerships, commercial development, contract design, project financing and the completion and operation of wind and solar energy plants. Thanks to its many years of expertise, the company is a recognized reliable partner for power purchase agreements (PPAs).

In addition to its home market in Germany, wpd is also active in the major wind and solar markets in Europe, in North and South America, as well as in various countries in the rapidly growing Asian market. The company has built up a global project pipeline of 31,585 MW of onshore wind and 7,360 MWp of solar PV and is making a significant contribution to the global energy transition.

www.wpd.de

Press contact at wpd GmbH

Christian Schnibbe
Mail: c.schnibbe@wpd.de
Phone: +49 (0)421 / 16866-0

Christian Schnibbe

Press contact

Christian Schnibbe

Christian Schnibbe
wpd GmbH
Mail: c.schnibbe@wpd.de
Phone: +49 (0)421 / 16866-0