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Germany

Germany

German developer Wind7 grows

At an extraordinary general meeting of German wind development company Wind7 of Eckenförde on December 21 it was agreed to increase the company's working capital to EUR 10 million and reserve up to EUR 2.6 million of approved capital, for use should market conditions look favourable. The shareholder authorisation runs for up to five years. The amount of the approved capital may not exceed 50% of share capital. At Wind7 this is currently EUR 5.2 million. The meeting also agreed to a share options plan for the board and employees of Wind7.

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