Germany

Germany

Plambeck wind fund and plans

Plambeck Neue Energien's latest wind fund is raising investment for both a coastal and an inland wind station which together will use 30 DeWind turbines and amount to 21.6 MW of installed wind capacity. The new fund is called Plambeck Neue Energien-GEFEE WindparkFonds 2000-1 GmbH & Co.KG. The projects will cost DEM 60 million, of which equity of DEM 18.2 million will be raised through the fund. The minimum contribution is set at DEM 20,000. Plambeck says that investment in the wind fund will provide a dividend averaging a 13.9% yearly return on investment over the project lifetime of 20 years coupled with a diminishing tax credit. Stressing the investment's low risk, Plambeck points to the fixed price regime for sales of wind power and says it guarantees the fund together with the Umwelt Bank in Nürnberg. Both wind plant are expected to go on-line this year. Twenty-one DeWind 600 kW turbines (12.6 MW) with a hub height of 70 metres and rotor diameter of 48 metres will be installed at Rakow in Mecklenburg-Vorpommern and are expected to generate 29.2 million kWh a year. A new transformer station and a 25,000 metre underground high voltage cable link will connect the wind station to the grid. The project will cost DEM 35 million, Plambeck says. In Gardelegen, north of Magdeburg, nine DeWind 1 MW machines are being installed, each with a hub height of 68.5 metres and a 65 metre rotor diameter, and are expected to generate 16.1million kWh annually. Here, too, a new transformer station and 9,000 metres of underground cable will be needed to connect the wind station to the grid. Project costs add up to DEM 25 million, Plambeck says.

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