euro adhoc: Plambeck Neue Energien AG
Joint Ventures/Cooperation/Collaboration
/ Plambeck Neue Energien AG: Co-operation for wind farm projects in Bulgaria and
Turkey
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Contracts
09.11.2007
Cuxhaven, 9th November 2007 - The wind farm project company Plambeck Neue Energien AG (ISIN: DE000A0JBPG2), in Cuxhaven, continues to give its core business international reach. Two joint-venture contracts which envisage the establishment of joint companies to develop and implement wind farm projects in Bulgaria and Turkey are finally agreed today.
The partner for the joint venture in Turkey is Türkwind Energie Ltd. Plambeck Neue Energien AG will have an 80 per cent majority stake in the joint venture in which the wind farm projects with up to 450 MW of installable rated output are to be set up. The projects are at different stages of development. These wind farm projects planned for completion from 2010 will entail up to EUR 640 million of investment.
Bul-Energy OOD is the partner in the Bulgarian joint venture. Plambeck Neue Energien AG will likewise hold an 80 per cent majority stake in the company. The joint venture will see wind farm projects with up to 250 MW of installable rated output and which are equally at various stages of development. These wind farm projects planned from 2010 will entail investment of up to EUR 350 million.
The respective partners in the joint venture projects will take on the development of the wind farm projects until completion. Plambeck Neue Energien AG is to be responsible for the selection and procurement of the wind power facilities, financing the project and sales as well as the commercial and technical operational management when the wind farms come on line.
end of announcement euro adhoc 09.11.2007 14:21:05
Further inquiry note:
Rainer Heinsohn
Plambeck Neue Energien AG / Öffentlichkeitsarbeit
Tel.: +49(0)4721-718-453
heinsohn@plambeck.de
Branche: Alternative energy
ISIN: DE000A0JBPG2
WKN: A0JBPG
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade