DGAP-News: Windreich AG / Key word(s): Miscellaneous Windreich AG: Windreich and TenneT agree on interim connections for offshore wind farm, Deutsche Bucht 29.10.2012 / 09:35 --------------------------------------------------------------------- Windreich and TenneT agree on interim connections for offshore wind farm, Deutsche Bucht - Interim connection to BorWin2 - Windreich abandons a motion against TenneT 25th October 2012. Wolfschlugen / Bayreuth. The Windreich Group, which comprises of British Wind Energy GmbH and TenneT TSO GmbH, has signed an agreement for the production of a temporary grid connection of the offshore wind farm, 'Deutsche Bucht '. Subsequently, the wind farm Deutsche Bucht will be connected to the already commissioned grid connection, BorWin2 by TenneT to serve as a temporary solution in order to generate power until the originally intended wind farm grid connection, BorWin4, is completed. While BorWin4 is still in the tendering phase, BorWin2 is already under construction with a total capacity of 800 MW. The primary legitimate offshore wind farms are Veja Mate and also the 400 MW wind farm Global Tech I initiated by Windreich AG. After the grid connection BorWin4 is completed, the wind farm Deutsche Bucht is to be integrated to these connections in full power. In addition, it was also agreed upon to settle the ongoing litigations. Under this agreement, a timely construction and commissioning of the third Windreich's wind farm Deutsche Bucht in 2015 is secured, reckons Dipl.-Wirt.-Ing. (FH) Willi Balz. The CEO of Windreich AG states: 'Our common interest in contract negotiations was to successfully contribute to the implementation of the energy transition, to which billions of euros have been invested from both companies respectively'. Lex Hartman, a member of the Board of TenneT also stresses out: 'We want to promote the development of offshore wind energy, so that the objectives of the energy transition can be achieved. I am therefore delighted that together with Windreich AG, we have quickly and constructively found a pragmatic solution for the wind farm Deutsche Bucht'. The installation, commissioning and acceptance of the converter stations, cable conduction and installation of the AC cable will continue to be managed under the responsibility of TenneT TSO. These regulations shall not be affected by the temporary grid connectivity. Company Profiles: About British Wind Energy GmbH belonging to the chain of Windreich Group: The company is the future operator of the 210 MW wind farms in the German North Sea. Besides the CEO Willi Balz is also Tim Kittel Hake, who has contributed to a great service into the entire group of companies by managing of Global Tech I particularly through his leading goal-oriented acquisitions. Similarly, Christian Meyer has proved himself in project management at his best. Meanwhile, Windreich AG, in cooperation with the Federal Network Agency and TenneT, is the only offshore project developer that is adhering to its schedules. From the 10 gigawatts planned by the Federal Government till 2020, Windreich solely controls 1,000 MW with its offshore projects Global Tech I, MEG 1 and Deutsche Bucht, which will be on the net by 2015. Windreich AG will total 3,353 MW to go on the grid till 2020 (i.e. around 33%). TenneT: The company is the first cross-border grid operator for electricity in Europe. With approximately 20,000 kilometers of high and extra- high voltage power lines, 36 million end users in the Netherlands and Germany, TenneT belongs to the top 5 of the network operators in Europe. The main focus is on the development of a north-west European energy market and to integrate renewable energy. TenneT has already commissioned grid connections for 5,500 megawatts of wind energy from the North Sea. Hereby, the company is investing about six billion euros, making it the largest investor in the German energy transition. Taking power further. Contact: Windreich AG Corporate Communications Tel. +49 (0) 7022/953060 pr@windreich.ag TenneT TSO GmbH Ulrike Hörchens Tel. +49 (0) 921/507404045 Mobil +49 (0) 151/17131120 ulrike.hoerchens@tennet.eu End of Corporate News --------------------------------------------------------------------- 29.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 190532 29.10.2012
DGAP-News: Windreich AG: Windreich and TenneT agree on interim connections for offshore wind farm, Deutsche Bucht
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