Preparation and Sale of Windpark Egeln
What is it?
What did we do?
What was the outcome?
Getting the Wind Park ready for sale
Windpark Egeln is situated in Germany, south of Magdeburg.It consists of 11 Vestas 2MW and 1 Vestas 3MW wind turbines totalling 25MW
The wind park was built in 2005/2006 for an estimated production of +30 million kWh/year
We assisted a state-owned Danish bank with preparing the asset for sale for them.
Among other things, we entered favourable agreements with regard to full service contracts, insurance, electricity sale, etc.
Arranged new finance
Momentum prepared a memorandum and presented the case for Danish and international investors.
We supported seller and buyer in the whole DD phase until signing.
The project was sold to a group of Danish investors in 2014, and a new finance was arranged through a Danish bank
Good yield with further potential
The wind park has yielded approximately 7% since November 2014
We are working on further optimisation of the production and costs, and are currently investigating repowering opportunities in the area.