German Juwi, Suewag sign land lease with Neu-Anspach for a EUR 25m wind farm

Sep 26, 2013 - German renewable projects developer Juwi and regional utility Suewag have signed a land lease with the town of Neu-Anspach to jointly develop a wind farm at the cost of EUR 25 million (USD 33.8m) in the central Hesse province, Juwi said on Monday.

The wind farm will generate up to 35 million kWh annually and will provide electricity to 10,000 households, Juwi added. The project is expected to be completed by the end of 2014. A mast to measure the wind speed on the site for a year will be installed next week.

The facility will probably have five turbines and will be built in a forest land, owned by the town of Neu-Anspach for which it has signed the lease and will receive annual payments. The location of the wind farm has been picked in consultation with the town and nature conservation experts. In order to limit environmental impact, existing forest roads will be used to access the site of construction.

Juwi and Suewag, a unit of the power and gas utility RWE AG (ETR:RWE), will partner in the planning, construction and operation of the farm through the newly founded unit Neu-Anspach Wind GmbH, which is equally owned by the two companies. Juwi and Suewag will invest EUR 12.5 million in the project each.

(EUR 1.0 = USD 1.352)

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