Oldenburg, Bunderhee, Leer, August 31, 2018. The EWE ERNEUERBARE ENERGIEN GmbH from Oldenburg and the ENOVA IPP GmbH & Co. KG from Bunderhee have bought the wind farm Hohegaste in the East Frisian town Leer. Each company acquired 50 percent of the shares from the previous owners. The wind farm has been repowered in 2017: 13 of the older wind turbines of the first generation have been replaced by four Enercon 101 wind turbines with a total energy output of 12.2 MW. The purchase price is kept in silence.
EWE and ENOVA will share the technical as well as the commercial tasks of the operation of the wind farm.

Dr. Jörg Buddenberg, Head of EWE ERNEUERBARE ENERGIEN, emphasized: “With the new wind turbines in Hohegaste we are expanding the onshore wind energy portfolio of the EWE Group to a total energy output of more than 280 MW. Our short and medium term goal is to continue to grow. The current cooperation with ENOVA shows that this can be done with a good partnership aswell.“

Hauke Brümmer, Head of ENOVA, pointed out: “We are happy to expand our existing portfolio, with our share in the wind farm Hohegaste, especially because it is located in our home region. With EWE, we have a partner whose services complement ours well. In this constellation, we are able to buy further repowering capable projects.”

EWE and ENOVA have been working together on projects in the energy transition for 15 years. In 2013 the energy provider and the wind farm project planner realized the first commercial off shore wind farm RIFFGAT in the German North Sea, among other projects.

About ENOVA:
The ENOVA Group is operating as a family business since 1989 in the area of renewable energies. As an innovative pioneer with 30 employees, ENOVA develops, realizes and supports wind energy projects on shore and off shore. The services range from project initiation and realization to wind farm management, repowering and maintenance. As a comprehensive project developer and energy service provider, ENOVA offers complete packages for operators and investors for the energy source wind. Nationwide cooperation with energy providers, municipals and forest administration see the reliability and know-how of the “ostfriesischen” wind power pioneers. With the founding of ENOVA IPP, the wind region is expanding its business model at its new location in Hamburg.
More information at: www.enova.de

About EWE:
As an innovative service provider, EWE is active in the fields of energy, telecommunications and information technology. The EWE Group combines its expertise in these areas to design a smart and efficient energy transition and to offer optimal solutions for its customers. In doing so, EWE focuses on partnerships, new markets and grabs the chance of digitalization. With more than 9000 employees and sales of EUR 7.6 billion in 2016, EWE is one of the largest energy companies in Germany.
The company, headquartered in Oldenburg, Lower Saxony, is predominantly in municipal hands. It supplies the northwest of Germany, Brandenburg and the island Rügen, as well as internationally in parts of Poland and Turkey over 1.3 million customers with electricity, 1.8 million with natural gas and around 780000 with telecommunication services. For this purpose, various companies of the EWE Group operate about 205000 kilometers of energy and telecommunication networks. In the coming years, EWE will invest more than EUR 1.2 billion in an extensive fiber-optic expansion, creating the basis for the digitalization of the Northwest.
Find out more about EWE at www.ewe.de

On time and kept to the budget the repowering action of the windmill-powered plant Sanden finished after five months of construction in January of this year. The old engine, a Vestas V-66, got replaced by a new Enercon E-92.

By repowering the annual energy output has nearly doubled. With a hub height of 85 m and a rotor diameter of 92 m the wind turbine generates an energy amount of approx 4.7 GWh/a. This supplies the energy requirement of more than 1100 households.
The repowered wind turbine is located in the industrial area of Weener in Ostfriesland.

 

Enova WEA Sanden from ENOVA Mitarbeiter on Vimeo.

With a fresh breeze on the Husum Wind – The ENOVA Group extends its activities to include the business area Service / Maintenance.

Since September 1st, the ENOVA Service GmbH offers its services in the area of service / maintenance. In the course of the expiry of the full maintenance contracts and the increased cost pressure, 15 gearless wind turbines of the 2 MW class were taken directly into our own service. The operators of the wind farms benefit from the good price / performance ratio and a fast and transparent service. At the end of the year at least another 11 wind turbines will be taken over by ENOVA Service.

The services range from remote monitoring through maintenance and inspection to corrective repair.

The concept is characterized by a quick troubleshooting, a cost-oriented pricing in the corrective repair, a transparent and rapid flow of information and the usual security of a manufacturer’s concept.

The Wind energy projector ENOVA Energiesysteme GmbH & Co. KG (ENOVA) and HANSAINVEST Real Assets GmbH (HANSAINVEST) have agreed on a long-term strategic partnership in the field of wind energy. This includes the establishment of a new company, an Independent Power Producer (IPP). The asset manager provides mezzanine capital to ENOVA IPP. The experienced family business will use this capital for the acquisition of own and third party wind farms. The investment focus is already on wind energy projects as well as those that are currently still in the planning and approval phase. The goal: By the end of 2019, more than 100 megawatts of power are to be acquired by the IPP.

 

In a first investment step, ENOVA IPP has already acquired four wind farms with a total capacity of approx. 25 MW bought and financed by mezzanine capital.

 

“The cooperation with HANSAINVEST Real Assets GmbH enables us to strategically expand our business model,” said ENOVA Managing Directors Helmuth and Hauke Brümmer. “The closed cooperation offers many advantages for us: we can keep the wind farms in the long term property. At the same time, we can use the capital released to finance our expansion and capitalize on market opportunities.”

 

For HANSAINVEST, the investment in the strategic partnership means an expansion of the project portfolio and a steady and predictable cash flow over 20 years – with significantly leaner cost structures compared to conventional investment funds. “Our successful infrastructure investment strategy continues with the creation of ENOVA IPP. ENOVA is an experienced market player with an excellent track record. With this transaction, we secure a pipeline of attractive products. With ENOVA as a partner we can invest in a diversified project pipeline – even in less windy years, this structure allows for a safe return on invested capital with an attractive risk-return profile, “says Nicholas Brinckmann, Managing Director of HANSAINVEST Real Assets.

 

Independent Power Producers, or IPP for short, in the electricity industry are those operators of power plants and other types of electrical generation systems who, unlike “traditional” power companies, do not have their own power grid to control the transmition and distribution of the produced electrical energy.

ENOVA was supported in this transaction by esmera.partners and PWC Legal, HANSAINVEST by fieldfisher, Baker Tilly and TÜV Süd.

 

About ENOVA
The ENOVA group has been a family business since 1989 and active in the field of regenerative energies. As an innovative pioneer with more than 30 employees ENOVA developes and supportswind energy projects on land (onshore) and at sea (offshore).

The range of services extends from the project initiation and realization to Wind farm management, repowering and more recently also maintenance / service. As a more comprehensive Project developer and energy service provider offers ENOVA for land owners, operators and energy providers Investors complete packages for projects with the energy source wind.

Nationwide cooperation with energy providers, municipal utilities and forestry administrations prove the reliability and know-how of the “ostfriesische” wind power pioneer. With the founding of ENOVA IPP, the ENOVA group is expanding its business model at its new location in Hamburg. More information at: www.enova.de

 

About HANSAINVEST Real Assets
HANSAINVEST Real Assets GmbH stands for many years of experience and sustainable Investments in the real estate and infrastructure sector. In total, about 80 employees serve Assets of around 4.3 billion euros. In the real estate sector, the internationally established experts manage office, retail, hotel, Logistics and residential real estate in 18 countries. In addition to portfolio management, both the Areas of buying and selling as well as asset management and project development. The latest product is the HANSA US Residential, an open special-AIF focusing on US residential real estate. In the area of Infrastructure, the international portfolio of infrastructure investments with a Volume of around € 700 million managed. Other services include the acquisition of assets as well as the current portfolio management (state of the data: 31.12.2016).
More information at: www.hansainvest-real.de

 

Press inquiries
Sven Hildebrandt • Head of  Marketing & Corporate Communications HANSAINVEST
Kapstadtring 8 • D – 22297 Hamburg • phone: + 49 40 300 57-78 38
sven.hildebrandt@hansainvest.de
Hauke Brümmer • Managing Director ENOVA Energiesysteme GmbH & Co. KG •
Steinhausstraße 112 • 26831 Bunderhee • Deutschland • phone: +49 4953 9290-0
hauke.bruemmer@enova.de

Less than two months ago, ENOVA initiated its public participation in the Breddenberg Ohe project. Around 40 investors invested in a project entitled “Breddenberg Ohe” within a few weeks via a qualified subordinated loan. With an issue volume of € 300,000, citizens are financing the new wind farm in the municipality of Breddenberg. Both E-115 E2 wind turbines are in operation and have been feeding electricity into the electrical grid since March and May 2017 respectively.

We say thank you and look forward to a 10-year cooperation.

More information about the project and the financing form can be found on our website www.buergerbeteiligung.enova.de