German wind farm developer ABO Wind AG has sold its 9.9-MW Wadern-Wenzelstein wind farm at home to domestic power cooperative Energy Alliance Bavaria.
ABO wind announced the transaction last week without providing its value. The German firm is currently building the wind farm in the western state of Saarland and plans to bring it online at the end of this year. The foundations are already in place and construction works are progressing as planned, it explained.
Following the sale, 18 of the 37 Bavarian municipal utilities that form Energy Alliance Bavaria will operate the Wadern-Wenzelstein power plant’s three Nordex N131 turbines. Those machines, each with a nominal capacity of 3.3 MW, will be capable of generating around 33 million kWh of electricity per year, once completed. Their annual output will be enough to meet the demand of about 20,000 people and will mitigate 25,000 tonnes of carbon dioxide (CO2) emissions.
Local energy cooperative BEG Hochwald eG has provided fixed-interest subordinated debt for the project.
The transaction is ABO Wind’s second partnership with the Bavarian Energy Alliance after the cooperative purchased an ABO-developed wind park in Hesse early in 2020.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.