Energiekontor sells project rights for Bergsoll-Frehne wind park project to UKA Group

Energiekontor sells project rights for Bergsoll-Frehne wind park project to UKA Group

Bremen, 11 December 2024 – Energiekontor AG (“Energiekontor”), a leading German project developer and operator of wind and solar parks based in Bremen and listed in the General Standard, and the Meissen-based UKA Group (“UKA”), an equally leading project developer for renewable energies, have signed a purchase agreement for the sale of the project rights to the Bergsoll-Frehne wind park project in Brandenburg, Germany.

Acquirer is the UKA Group, headquartered in Meissen, Germany. Founded in 1999, the owner-managed company plans, builds, operates and sells wind and solar parks in Germany, Europe and America and is one of the leading project developers for renewable energies in Germany. The transaction is a share deal, i.e. the sale or acquisition of the shares in the project company for the wind park project.

The transaction comprises the project rights for two wind turbine sites between Frehne and Meyenburg in the district of Prignitz in Brandenburg, Germany. These mainly relate to the respective land use agreements and rights required for the construction of the sites, as well as information and expert opinions on the ongoing or planned approval procedures for the wind turbine sites. With the acquired project rights, UKA is expanding its own neighbouring project area in the district of Prignitz.

“We are pleased about the agreement reached with UKA on the sale of the project rights for these two wind turbine sites. Thus, both parties benefit from the transaction and jointly contribute to the expansion of renewable energies in Germany. The sale also contributes to our annual result for 2024,” says Peter Szabo, CEO of Energiekontor AG.

“Thanks to our long-standing and trusting cooperation with Energiekontor, we can now expand our portfolio. By acquiring the project rights, we are expanding our wind energy project to a total of eleven wind turbines, five of which are already under construction,” emphasises Henning George, Head of Project Development.

About Energiekontor AG

For over 30 years, Energiekontor has stood for a solid business policy and extensive experience in renewable energies. Founded in Bremerhaven, Germany, in 1990, the company is among the pioneers in its industry and is now one of Germany’s leading project developers. Its core business ranges from the planning and construction to the operational management of wind and solar parks in Germany and abroad. In addition, Energiekontor operates 39 wind and solar parks with a nominal power of almost 400 megawatts in its own portfolio. Around 220 megawatts, which are also earmarked for the Group's own portfolio, are currently under construction. Energiekontor also plays a pioneering role in economic terms and aims to realise the first wind and solar parks in all target markets at market prices as quickly as possible, independently of state subsidies.

Along with its headquarters in Bremen, Germany, Energiekontor has offices in Bremerhaven, Hagen im Bremischen, Aachen, Augsburg, Berlin, Berlin-Spandau, Potsdam and Hildesheim. The company also has branch offices in England, Scotland, Portugal, France and the United States.

Since being established, Energiekontor has a proud track record of realising over 160 wind and solar park projects with a total nominal power of more than 1.4 gigawatts. This corresponds to an investment volume of more than 2.0 billion euros. The significantly expanded project pipeline in the first half of 2024 (11.0 gigawatts excluding US project rights) shows the future growth potential and the possible contribution that Energiekontor can make to the expansion of renewable energies.

Energiekontor AG (WKN 531350/ISIN DE0005313506/General Standard) is listed on the SDAX and the TecDAX of the German Stock Exchange in Frankfurt. Shares can be traded on all German stock markets.

Contact

Julia Pschribülla
Head of Investor & Public Relations
Phone: +49 (0)421-3304-126

Kathrin Mateoschus
Investor & Public Relations Manager
Phone: +49 (0)421-3304-297

Email for investor relations matters: ir@energiekontor.com
Email for press matters: pr@energiekontor.com

Energiekontor AG
Mary-Somerville-Strasse 5
28359 Bremen
Germany

Phone: +49 (0)421 3304-0
Fax: +49 (0)421 3304-444
Email: info@energiekontor.de
Web: www.energiekontor.de

About the UKA Group

As a full developer, the UKA Group plans, builds, operates and sells wind and photovoltaic (PV) parks. UKA shapes a sustainable power supply in Germany, Europe and America: independent of fossil fuel imports, at low electricity generation costs and climate-friendly. UKA is an owner-managed company and has pursued a long-term business strategy since it was founded in 1999. Its employees are committed to achieving the best possible results for their projects - in accordance with the highest quality and economic efficiency criteria. Projects are consistently driven forward, even if they require patience and perseverance due to external circumstances.

The UKA Group is one of the leading project developers for renewable energies in Germany. Through its operations management company UKB, it also takes on the operational management of wind and PV parks.

Contact

Katja Springer
Press spokeswoman UKA South-East
Phone: +49 (0)1525-9228243
Email: katja.springer@uka-group.com

UKA Umweltgerechte Kraftanlagen GmbH & Co. KG
Dr.-Eberle-Platz 1
01662 Meissen
Germany