Back to top
Reported by Energiekontor on 18 May 2018

Energiekontor realises Withernwick II – the first wind project without state subsidies in the UK

Milestone in the history of the Bremen-based wind energy pioneer

(Courtesy of Energiekontor AG)

After signing a long-term power purchase agreement (PPA) with a global company in the consumer goods industry, Energiekontor has achieved the financial close for the English wind farm project, Withernwick II. The economic viability of this project is based solely on the conclusion of this PPA. As far as the Company is aware, Withernwick II is thus the first wind farm project in the UK to be realised without state subsidies.

Withernwick II is an extension of the Withernwick I wind farm that has been part of Energiekontor AG’s portfolio of Group-owned wind farms for several years. The Withernwick II project was approved at the end of 2016 and is located close to the East coast of the English county of Yorkshire. Four wind turbines, each with rated power of 2.05 MW, are to be commissioned by the first quarter of 2019.

Peter Szabo, CEO of Energiekontor AG, comments: “We congratulate our team in the UK on this outstanding success. We are happy that our extensive experience in the UK and the trust that this has borne have again convinced a large industrial partner to sign a PPA. The financial close for the Withernwick II project shows that our efficiency measures to reduce costs are indeed bearing fruit and that we are already able to implement a wind farm profitably at pure market conditions. The project therefore represents a milestone in Energiekontor’s history as it is, as far as we know, the first onshore wind project in the UK to manage without subsidies. This also underlines our pioneering role in the quest to realise wind farms and solar parks with a lower levelized cost of electricity than electricity from fossil and nuclear resources. It is our most important contribution to our vision of a society whose electricity needs are fully covered by renewable energy.”

References

[1]

Energiekontor AG. Press release - Energiekontor realises Withernwick II – the first wind project without state subsidies in the UK. URL: https://www.energiekontor.de/en/news/2018-05-18-energiekontor-realises-withernwi.... [Date Accessed: 01/10/2018].

Business & Finance

15 Jan | juwi builds thousandth wind turbine in the company history

Anniversary plant in Mohlis (Thuringia) is one of the first projects that juwi won in the tender process by the Federal Network Agency and which are now being constructed

Business & Finance

15 Jan | NTR acquires 200MW wind portfolio in Sweden and Finland, total capital investment of over €180 million

A portfolio of just over 200MW of operational and pre-construction onshore wind projects in Sweden and Finland has been added by NTR to its NTR Renewable Energy Income Fund II, for which a fundraising first close was recently announced.

Business & Finance

15 Jan | Nordex Group posts strong order intake in 2018: new orders amount to more than 4.7 gigawatts

  • Orders in Q4 2018 come to 1.7 GW
  • 137 turbines from the new Delta4000 series sold in 4th quarter alone
  • Orders in full-year 2018 amounting to 4.75 GW (+73% yoy)

Business & Finance

14 Jan | Mark Jones take the helm at Ventient Energy

Experienced wind energy CEO Mark Jones has taken the helm at Ventient Energy, with a mandate to grow the firm’s portfolio within and beyond the UK.

Business & Finance

08 Nov | Energiekontor sells Bremen-Hemelingen wind farm

Bremen-based project developer completes planned project divestment

Order

13 Sep | Energiekontor concludes agreement with the Nordex Group on the supply of wind turbines with a generation capacity of more than 300 MW

Bremen-based project developer takes important step to secure its project pipeline

Project Development & Execution

29 Aug | Energiekontor is granted the planning permission for its first onshore wind project in Scotland

Important step for the Bremen-based project developer in the realisation of its Scottish project pipeline