IR-News & Press

 
2022-08-15

3U makes its contribution to the expansion of onshore wind energy

  • Application submitted for repowering project at Langendorf wind farm
  • Significantly higher electricity production if realised
  • High investment volume with good return

Marburg, 23. August 2022 - 3U ENERGY PE GmbH, a subsidiary of 3U HOLDING AG (ISIN DE0005167902), has submitted an application for approval in accordance with the Federal Immission Control Act (BImschG) to the Burgenlandkreis, Saxony-Anhalt, for the partial repowering of its Langendorf wind farm. The plan is to erect five wind turbines (WT) with a nominal output of 6.2 MW. The measures will sustainably almost triple the energy yields of the park, despite a reduction in the number of WTs. Additional yields of approximately 72,000 MWh per year are expected.

The investment volume, including the dismantling of seven old turbines, will amount to about EUR 40 million and is to be financed mainly with a bank loan. The profitability calculations have been made on the basis of conservative assumptions for wind generation and prices achievable on the market. They indicate a sustainable return of around 5% per year from the operation of the wind turbines.

"Sustainable use of renewable energies is not only urgently needed from an ecological and energy industry point of view but is also a successful model from an economic point of view," emphasises Uwe Knoke, member of the Management Board of 3U HOLDING AG. "This certainty also guides us in the planned and now applied for repowering project. At a time when outdated bureaucratic obstacles and reservations that still exist in many places have significantly impaired the expansion of onshore wind energy, we are investing a considerable amount in the expansion of our capacities. We are taking more than five years of preparation and approval time and have rented a van to submit the unfortunately still required flood of paperwork, a total of about 80 A4 folders, to the approval authority; but we will make our small contribution to sustainable CO2-free power generation and to further value creation for our shareholders."

3U HOLDING's portfolio includes 3 wind farms with a combined nominal capacity of currently around 43 MW, a photovoltaic power plant with a nominal capacity of around 10 MWp, as well as a number of other, smaller solar power plants. The 3U wind turbines no longer receive any subsidies under the Renewable Energy Sources Act (EEG). The electricity generated is marketed to utilities with whom electricity supply contracts are concluded. 3U was able to secure favourable conditions for electricity deliveries for 2023, thanks to which the average electricity revenues will be above the former EEG subsidy.

 

Further Information: 
Dr Joachim Fleing 
Investor Relations 
3U HOLDING AG 
Tel.: +49 6421 999-1200 
Fax: +49 6421 999-1222 
E-mail: IR@3U.net

About 3U:
3U HOLDING AG (www.3u.net) has its headquarters in Marburg, Germany, and was founded in 1997. It is the operating management and investment holding company at the head of the 3U Group. It acquires, operates and sells companies in the three segments of ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (Sanitary, Heating and Air Conditioning Technology). The 3U Group has successful and profitable business models based on megatrends in all three segments. It continues to expand its business activities dynamically, particularly in its strongest growth areas of cloud computing and online trading, in which it is striving to achieve leading positions in the market.

3U HOLDING AG’s shares are traded on XETRA, Tradegate and on the German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).