Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Germany

Germany

Wind 7 boosts capital basis

Wind 7, a public limited company set up in October by seven of Germany's oldest wind developers, has boosted its capital base to EUR 420,000 with an injection of EUR 370,000, paid in by the founding companies in January. Wind 7 had originally planned a public capital increase for the end of last year, but it was postponed due to uncertainty over the new renewable energy law, passed in February. Now Wind 7 hopes to publicly float shares for EUR 5 million in June, money the company will use for new projects. It says it reduces risk for investors by buying only turnkey projects comprising turbines from different manufacturers at a variety of sites. The company points out that while tax write-off potential for limited partners is becoming unattractive under German law, Wind 7 offers private investors the chance to participate, tax free, in stock equity gains. Wind 7, based in Eckenförde, comprises: Planungsburo Jesaitis, Mitteldeutsches Windenergie, NEVAG, Ostwind Betrieb, EAB Projektbau, Umweltkontor and Okostrom Handel.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs