Wpd installs first turbines at 288-MW wind farm off Germany

Sep 26, 2014 - German group Wpd AG said Thursday it has installed the first three turbines at the 288-MW Butendiek wind farm off Germany’s coast, expecting first power to be lauded in October.

The installation will comprise a total of 80 turbines of 3.6 MW each, made by German engineering giant Siemens AG (ETR:SIE). Wpd noted in its statement that it has already built a substation for the wind park near the island of Sylt in the German part of the North Sea. In addition, it has achieved noise levels that are “well below” a threshold set by German authorities.

The Butendiek wind park, estimated at EUR 1.3 billion (USD 1.66bn), is seen to be fully operational in June 2015. Once up and running, it will be able to generate enough power for about 370,000 homes.

Wpd, which is managing construction activities, owns a 10% stake in the project, while Zurich utility Elektrizitaetswerk der Stadt Zuerich (EWZ) holds a 49% interest. Among the other investors in the scheme are Marguerite Fund, Siemens Financial Services, Danish pension funds Industriens Pensionsforsikring (IP) and Pensionskassernes Administration (PKA) and CDC Infrastructure.

(EUR 1.0 = USD 1.275)

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