3U HOLDING AG: Purchase agreement for a wind farm signed

  • Investment volume: approximately EUR 12.2 million
  • Equity share: about 27 %
  • Initial operation of the wind farm: October/November 2001; guaranteed feed in tariffs according to the EEG until 2021
  • 15 wind turbines with 1.5 MW nominal capacity each

Marburg, October 24, 2014 – 3U HOLDING AG (ISIN DE0005167902) announces the purchase of an existing wind farm with 15 wind turbines and an installed capacity of 22.5 MW. Today 3U ENERGY AG, a subsidiary of 3U HOLDING AG signed an agreement to acquire the shares of the wind farm Langendorf. The purchase price for the complete acquisition of the shares is approximately EUR 12.2 million, therefore approximately TEUR 542 / MW. The wind farm is expected to be leveraged to 73%; which corresponds to a debt financing in the amount of EUR 9.0 million. For this purpose there is an indicative offer of a renowned German bank. With this acquisition, 3U HOLDING AG reaches another important milestone of its strategic goal to expand in the area of Renewable Energy.

The wind farm Langendorf in Saxony-Anhalt was built and put into operation in 2001 with a total of 15 wind turbines of the type Enron/GE 1.5sl with a nominal capacity of 1.5 MW each. The used wind turbine Enron/GE 1.5sl is a time-tested wind turbine. The operation of the wind farm is ensured by the continuation of service and maintenance contracts and an experienced company in the field of technical management. The location is conveniently located from wind yield point of view and offers good opportunities for a “repowering” of the wind turbines after the end of the technical lifetime.

The execution of the purchase contract and the maturity of the purchase price are conditioned upon the occurrence of various terms. Associated with this are mutual rights of withdrawal.