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Germany

Germany

Plambeck sells 34 MW to unnamed international investors

Struggling German wind project developer Plambeck Neue Energien says it has sold two wind stations with a combined capacity of 34 MW "to internationally active investors." It does not name the purchasers. The Freudenberg wind station of 14 Vestas 2 MW machines will be completed in September. The Brieske station of three Vestas 2 MW turbines was due for completion at the beginning of August, says the Cuxhaven-based company. Plambeck's wind station sales this year now total 49 MW for EUR 19.7 million, securing half the company's projected turnover for 2005. The company moved into the black in the first half year, reporting a profit of EUR 200,000 compared with a loss of EUR 141.5 million in the same period in 2004, when over the entire year it made a net loss of EUR 158.7 million on sales of EUR 59.4 million.

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