European Energy sells 2-turbine wind farm in Brandenburg
Wind turbine. Courtesy of Vestas Wind Systems A/S
Danish wind and solar developer European Energy A/S said on Friday it has closed the sale of a 6.6-MW wind park in the German region of Brandenburg.
European Energy did not disclosed the value of the transaction or the name of the buyer, but said it is a local company.
The particular wind park is currently being built and is expected to enter into service this quarter. It will comprise two units of Vestas’ V112 3.3 MW turbines.
This sale represents the first part of a transaction outlined in a term sheet at the end of March 2017. Under the terms of the pact, the same German investor will also acquire European Energy’s interest of just below 50% in a 12-MW wind farm in Lower Saxony. That plant is seen to go online in July.
The seller noted that this divestment will contribute positively to its financial position.