THEOLIA and Dortmunder Energie- und Wasserversorgung GmbH sign agreement for the sale of a 55.5 MW wind farm in Germany
Dortmunder Energie- und Wasserversorgung GmbH ("DEW21", Dortmund, Germany) and THEOLIA (Aix-en-Provence, France) signed an agreement for the sale of an operational 55.5 MW wind farm located in the federal state of Saxony-Anhalt in Germany. The wind farm, in operation since early 2006, includes 37 1.5 MW turbines and a high voltage line.
The sale is made by THEOLIA's Germany subsidiary, THEOLIA Naturenergien GmbH, which will provide full technical and commercial management for the life of the wind farm. The parties agreed not to disclose the price of the transaction.
Eric Peugeot, Chairman and CEO of THEOLIA, said: "This sale further confirms the capacity of THEOLIA to deliver high quality operational wind assets to interested buyers. Furthermore, we are happy to add such an established company as DEW21 to our growing list of clients who entrust the long term operational management of their wind assets to our team."
"With this deal we belong to the top group of the German municipal energy utilities which are engaged in wind power with their own capacities", said Dr. Frank Brinkmann, CEO of DEW21. "We take our responsibility for climate protection seriously. With this investment in wind power we like to prove that. Through our wind power capacities, DEW21 is contributing to a lasting reduction of carbon-dioxide emissions in an amount of 68,000 tons per year."
This transaction is subject to permission from the German Bundeskartellamt (Federal Merger Office).
THEOLIA is an independent international developer and operator of wind energy projects. THEOLIA is active primarily in France, Germany, Italy, and also in India, Brazil and Morocco. THEOLIA trades on the compartment B of Euronext Paris, regulated market of NYSE Euronext, under the symbol TEO.
DEW21 is a municipal energy and water supplier registered in Dortmund. Shareholders are Dortmunder Stadtwerke AG (DSW21) with a share of 53% and RWE Westfalen Rheinland Netz AG with a share of 47%.
For more information - THEOLIA
Edward F. McDonnell
Tel: +33 (0)4 42 906 594
Tel : + 33 (0)6 09 04 80 11
For more information - DEW21
Tel : +49 (0) 231 544-3271
French Société Anonyme (public limited company with Board of Directors) with share capital of ¤40,308,707
Registered office: 75 rue Denis Papin BP 80199 - 13795 Aix-en-Provence cedex 3 - France
Tel: +33 (0)4 42 904 904 - Fax: +33 (0)4 42 904 905 - www.theolia.com
THEOLIA is listed on the compartment B of Euronext Paris, code: TEOInformation réglementée
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