Newly permitted projects in Germany, strengthen European Energy’s pipeline of mature renewable assets, creating additional opportunities for financing, partnerships and future transactions.
- 145 MW of German wind projects reach a key value-creation milestone.
- Permits expand European Energy’s pipeline of mature, investment-ready renewable energy assets.
- Portfolio positioned for future financing, strategic partnerships and capital recycling.
European Energy has secured permits for six wind energy projects with a combined capacity of approx. 145 MW, further expanding its portfolio of mature renewable energy assets in one of Europe’s most attractive wind markets.
The permits, granted under the German Federal Immission Control Act (Bundes-Immissionsschutzgesetz – BImSchG), mark an important stage in the development of the projects, moving them towards participation in renewable energy auctions, financing and construction.
The approved projects are located across Lower Saxony, Brandenburg and Saxony-Anhalt.
'Securing permits is one of the most important milestones in renewable energy project development. It transforms years of development work into mature assets that can progress towards financing, construction and long-term ownership or strategic partnerships,' said Johannes Thon, Managing Director of European Energy Germany.
'The fact that six projects received permits within such a short period reflects both the strength of our development platform and the quality of the portfolio we continue to build in Germany. Each permit increases the value and maturity of our pipeline while expanding the range of opportunities available to investors seeking high-quality renewable energy assets.'
The newly permitted projects further strengthen European Energy’s German development portfolio and support the company’s strategy of creating value through project development before progressing assets towards financing, strategic partnerships and capital recycling. As the projects advance through the next stages of development, they will expand the company’s pipeline of investment-ready renewable energy assets available for long-term ownership or future transactions.
'A strong portfolio starts with high-quality project development. Every permit increases the maturity of our pipeline and expands the range of opportunities we can offer investors looking for large-scale renewable energy assets in Europe,' said Thorvald Spanggaard, EVP and Head of Project Development at European Energy.
'Germany remains one of our most important markets, and continuing to advance projects through permitting strengthens our ability to recycle capital into new developments while delivering investment-ready assets that meet growing demand from infrastructure investors, utilities and independent power producers.'
Source: European Energy
