EQS-News: ABO Energy Achieves Project Milestones in Germany

ABO Energy has achieved major progress on several projects in the German wind energy market in recent weeks. These include tariff awards in the latest wind tender, secured permits, and the sale of a project right.

Tariffs Received for 16.4 Megawatts in Germany

ABO Energy achieved an important success in the February tariff tender for onshore wind energy projects. According to results published yesterday by the Federal Network Agency, ABO Energy received tariffs for two projects with a total of 16.4 megawatts. The tariffs were granted for one wind turbine in Schwerte (North Rhine-Westphalia, 6.8 megawatts) and two wind turbines in Öhringen (Baden-Württemberg, 9.6 megawatts). These projects are extensions of wind farms already under construction. The three turbines are scheduled to be connected to the grid by autumn 2027.

In the February tender, the Federal Network Agency awarded tariffs to 439 bids with a total capacity of 3.4 gigawatts. The average awarded tariff was 5.54 cents per kilowatt-hour, below the average of the previous auction, which was 6.06 cents.

ABO Energy only participated on a small scale in the February auction. The prospects of securing tariffs for more projects in upcoming tender rounds are promising. A resolution passed by bondholders on March 9 paved the way for this. It allows ABO Energy to provide collateral in order to obtain guarantees, strengthening the company’s ability to take part in future tariff auctions.

ABO Energy Secures Permits and Sells Project Right

ABO Energy is also progressing with other projects: The company recently secured permits for the Olpe-Rehringhausen wind farm (North Rhine-Westphalia, 3 x Enercon E-175, 21 megawatts) and the Tholey wind farm (Saarland, 2 x Nordex N163, 14 megawatts). In St. Gangloff (Thuringia, 5 x Nordex N163, 35 megawatts), ABO Energy obtained approval to switch to a next-generation Nordex turbine type.

In Unterschneidheim (Baden-Württemberg), ABO Energy sold the project rights for the Nonnenholz II wind farm (1 x Vestas V162, 6 megawatts) to a regional market participant. As ABO Energy had already secured the permit and tariff for the turbine, the project can now be implemented at short notice. For the Ortenberg wind farm currently under construction (Hesse, 3 x Enercon E-175, 21 megawatts), the company recently activated a financing agreement.

“We are very pleased with these achievements, which are the result of the tremendous dedication of our employees,” said Kristof Frank, General Manager responsible for wind energy development in Germany. “We currently have 650 megawatts of permitted wind projects in Germany. This provides a strong foundation for additional revenues in the coming months and years.“