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HessenEnergie is seeking active partners
1 March 1994
Hessen Wind, a limited company owned by the Hesse state government's energy agency, HessenEnergie, is seeking active partners. Minimum investment is DEM 5000, with plans to reach a share capital of DEM 1 million by the end of March for construction of the first wind plant. Losses incurred by investors over the first three years are tax deductible, while over the next 12 years earnings are predicted at around DEM 450/year per DEM 5000 share -- more if electricity prices increase. From that point on the investment is budgeted to return DEM 590 a year per share, calculated on current prices and costs. Administration of the scheme will be carried out by HessenEnergie with no staff employed by Hessen Wind. Three sites have been identified: at Ulrichstein for six turbines, at Diemelsee-Flechtdorf for six turbines and at Heidenrod for probably three turbines. After European tender, Micon of Denmark won contracts for all three sites and will supply 225 kW machines optimised for inland operation. The projects are supported by the Hesse Environment Ministry (30% subsidy of capital costs) and the federal 250 MW wind support programme. Construction should begin in May 1994. The aim of Hessen Wind is to speed up the use of the state's wind potential, which it estimates at 150 MW. So far only 2 MW has been installed. If interest from potential investors is high HessenEnergie will expand the scheme.
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