3U HOLDING AG: Purchase of a wind farm project development company
- Purchase price amounts to EUR 2.0 million, as well as a performance-based premium
- Acquisition of a portfolio of eight wind farm projects
- Transfer of a team of renowned wind farm developers
- First revenues from the sale of a wind farm expected within one year
Marburg, August 8, 2014 – 3U HOLDING AG (ISIN DE0005167902) announces the purchase of a wind farm project development company. Today 3U ENERGY AG, a subsidiary of 3U HOLDING AG, and the shareholders of the wind farm project development company Aufwind & ORBIS Havelland GmbH & Co. KG (A & O KG) and its associated partner, the Aufwind & ORBIS Havelland Verwaltungs-GmbH signed a contract to acquire the limited partnership and shares. The purchase price for the complete acquisition of the limited partnership and the shares is EUR 2.0 million; and a later performance-based premium. With this acquisition, 3U HOLDING AG reached an important milestone in its strategic goal to accelerate the expansion of the business area Renewable energy projects.
The A&O KG is a joint subsidiary of the two established wind farm project development companies Aufwind Engineering GmbH and the ORBIS Energie- und Umwelttechnik GmbH. The A&O KG is currently developing predominantly wind farm projects in the state of Brandenburg.
Within the A&O KG currently exists a wind farm project portfolio of up to 40 wind turbines and a total capacity of more than 100 MW. The wind farms are currently in various stages of project development and should be put into operation in the years 2015 to 2017. A wind farm project development team with numerous references in the wind energy sector has developed this wind farm project portfolio starting from 2009 and will continue doing this after the takeover of the company.
Proceeds from the sale of the first wind farm are expected within one year. It is planned to operate a portion of future wind farms within the 3U Group.