STRABAG SE 19 December 2014
STRABAG AND CONSORTIUM PARTNER NORDERLAND/ETANAX SELL OFFSHORE WIND FARM PROJECT ALBATROS STRABAG OW EVS develops 12 other offshore wind farm projects in the German part of the
North Sea for its partners
Vienna, 19 December 2014 EnBW Energie Baden-Württemberg AG has acquired the Albatros offshore wind farm project from the consortium partners STRABAG and the Norderland/ETANAX Group. This offshore wind project, which has approval for 79 wind turbines of the 5-7 MW rating class, is located 105 km off the coast in the German sector of the
North Sea. The wind farm covers an area of 39 km2 at a water depth of 39-40 m. The contractual partners have agreed
not to disclose any information about the purchase price.
"Of our total of 13 offshore wind farm project developments, we have since the start of the year been in talks to sell two approved projects and one project that is ready for approval. Now we are pleased to have completed the sale of Albatros to our experienced partner company EnBW", Felix Koselleck and Günter Eisenhauer said on behalf of the seller.
With their portfolio of 12 project developments, the STRABAG Group and the Norderland/ETANAX Group continue to be very active in the offshore wind farm business. The projects will be developed until they are ready for approval or investment, and will subsequently be sold off or constructed in tandem with investment partners.
As a result of the acquisition of the Albatros project, EnBW has expanded its existing offshore portfolio by almost
400 MW and is continuing to expand this business segment as an important pillar of its generation activities. The project
- which is located in the immediate vicinity of the EnBW offshore wind farm "Hohe See" - also provides the opportunity for exploiting other synergies during the construction and operational phases. EnBW now controls a total of more than
1,600 MW of approved offshore capacity in the German sector of the North Sea through the Albatros (around 400 MW), Hohe See (around 500 MW) and He Dreiht (around 700 MW) wind farms.
"We are expanding our offshore wind portfolio with the acquisition of the Albatros project and thus continuing to push forward our EnBW 2020 strategy. The offshore wind sector will play a significant role in achieving our goal of more than tripling the area of renewable energies by 2020", emphasised Dr. Frank Mastiaux, Chief Executive Officer of EnBW AG.
STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our services span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by our specialised entities integrating the most diverse services and assuming responsibility for them. We bring together people, materials and machinery at the right place and at the right time in order to realise even the most complex construction projects - on schedule, of the highest quality and at the best price. The hard work and dedication of our more than 73,000 employees allows us to generate an annual output volume of about
€ 14 billion. At the same time, a dense network of numerous subsidiaries in many European countries and, increasingly, on other continents is helping to expand our area of operation far beyond the borders of Austria and Germany.
More information is available at www.strabag.com.
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STRABAG OW EVS GmbH (OW EVS) is a project planning company and service provider for the development of offshore wind farms. The company was founded in 2011 as a joint venture between STRABAG SE and the East Frisian project developer NOW (Nordsee-Offshore-Wind GmbH). The team at NOW was instrumental in obtaining approval for offshore wind farm projects such as Global Tech I, OWP Albatros and MEG I. OW EVS has been commissioned to develop 13 offshore wind farm projects, of which OWP Albatros, OWP West and Global Tech II are planned to be constructed in the near future. For more information, visit www.owevs.eu/en.
Contact Media Germany
STRABAG Corporate Communications
Birgit Kümmel
Tel. +49 221 824-2480 presse@strabag.com
STRABAG SE
Diana Neumüller-Klein
Corporate Communications & Investor Relations
Tel. +43 1 22422-1116 diana.klein@strabag.com
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