ENOVA Value acquires the third repowering project
ENOVA Value, which was founded specifically to purchase and increase the value of old wind turbines, has now acquired its third project. In this case, a Repower MD77 wind turbine with 1.5 MW and commissioning in 2004 in Schleswig-Holstein and a Vestas V90 wind turbine with 2.0 MW and commissioning in 2005 in Brandenburg successfully changed hands.
“Our attractive offer structure, which also includes future value creation, absolutely convinced the seller here,” explains Björn Burau, team leader of the Investment & Asset Management department. “Both sites offer good repowering potential, so we expect new turbines to be built within the next few years.”
Since the beginning of this year, ENOVA Value has now already been able to acquire wind farms with around 40 MW of installed capacity and is making good progress towards its target of 100 MW by the end of 2022.
Further acquisition processes are already underway.
The ENOVA group of companies, headquartered in East Frisia and with a branch office in Hamburg, has been developing, realising and managing wind farms in Germany since 1989. The range of services offered by the 50-strong family business extends from the initial project idea, including realisation, through wind farm management and service, to repowering.
All competences flow together over four business areas in one life cycle. The foundation is project development & planning (EPC), which to date can point to 250 MW of successfully realised onshore projects and 1,500 MW of approved offshore projects.
This is complemented by technical and commercial management (TCM), which currently manages around 500 MW for its own and external wind farms across Germany and has launched a data-based asset management software on the market with the product e.live.
Another important component is the technical maintenance and servicing (ISP) of ENOVA Service GmbH. As an independent service provider and specialist for Enercon wind turbines, around 190 turbines from Enercon E-40 to E-92 are currently running under contract.
Investment & Asset Management (IAM) rounds off the business areas. In the last four years, around 25 wind farms with a total capacity of around 150 MW have been successfully acquired and have since been operated and further developed to create value.