Capital Stage to Acquire Wind Farm in Denmark

Published: May 18 2017
Deal Summary

Capital Stage AG, a solar and wind power generation company, has agreed to acquire wind park situated in a windy region close to the North Sea, about five kms northwest from Ringk bing in Denmark. The total installed capacity of the wind farm is 15 MW comprising five V90 wind turbines built by Vestas with an installed capacity of 3 MW each. The total cost of the power plant including project-related debt financing will amount to approximately EUR19 million (USD21.11 million). The investment per MW is USD1.41 million.

The takeover of the first two of five wind turbine generators has already been contractually on May 18, 2017 and the remaining three wind turbines will be taken over shortly. The wind turbines have already been taken into operation and were connected to the power grid in early 2016. The wind park benefits from a government-guaranteed feed-in tariff of approximately EUR33.5 (USD37.23) per MWh which is granted for the first 22,000 full load hours per MW in Denmark.

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