3U HOLDING AG: Sale of a wind farm project

  • Project Windpark Lüdersdorf II sold to investor
  • 2 wind turbines, each with a nominal power of 3.3 MW
  • Execution of the contract is still subject to conditions

Marburg, September 28, 2015 – 3U HOLDING AG (ISIN DE0005167902) announces the sale of a wind farm project, with 2 wind turbines of 3.3 MW nominal power each. Today, 3U ENERGY AG, a subsidiary of 3U HOLDING AG, signed a contract for the sale of all shares in the Märkische Windkraft 110 GmbH & Co. KG, based in Berlin. Within this 100% subsidiary of 3U ENERGY AG are the project rights for the Windpark Lüdersdorf II. This wind farm developed by 3U ENERGY PE GmbH consists of 2 to be built wind turbines by the manufacturer Vestas type V 112, each with a nominal power of 3.3 MW, a hub height of 119 meters and a rotor diameter of 112 m.

The project management for the construction of the wind farm is carried out by 3U ENERGY PE GmbH. The initial operation of the wind turbines as well as the acceptance by the investor is expected in the second quarter of 2016.

The execution of the purchase contract and the amount as well as the maturity of the purchase price is conditioned upon the occurrence of various terms and scenarios. Associated with these are mutual rights of subsequent improvement resp. withdrawal.

3U HOLDING AG expects a positive contribution to earnings from the sale for the financial year 2015 and confirms the forecast most recently given in August 2015 for the current year with sales between EUR 50 million and EUR 53 million, an EBITDA of between EUR 4.0 million and EUR 6.0 million and earnings between EUR -1 million and EUR 1 million.