GP JOULE and unlimited energy GmbH sell wind park Capital Stage

Reußenköge, 5. October 2015. The three wind power facilities, each generating 2.5 megawatts of output are part of the wind park Wahlsdorf-Dahme in Brandenburg and are currently still under construction. They represent a component of an overall wind park which comprises a total of nine wind power facilities.  Connection to the grid is planned for the first quarter of 2016 at the latest. GP JOULE is constructing the three wind power facilities together with the family company unlimited energy GmbH, who developed the project and who is also the general contractor.  GP is responsible for financing, structuring and marketing. “We are pleased to be selling a wind part to Capital Stage now for the first time, too”, says GP JOULE managing director Ove Petersen. Up until now Capital Stage had already purchased several solar parks from GP Joule, for example a solar park portfolio in the district of Wittenberg (Sachsen-Anhalt) in August with an overall energy output of around 14 MWp.

“The sale of the wind park emphasises the good collaborative relationship with Capital Stage”, says Ove Petersen. “We are especially pleased that GP Joule will be continuing the commercial and technical operation of the wind park on behalf of Capital Stage. We consider this as proof for the fact that Capital Stage values our broad expertise and our cross-technological know-how and wants to use it to ensure optimum performance for its facilities”, states the managing director of the North Frisian company.

However, he also pointed out that the framework conditions for future projects is becoming less stable as a result of the introduction of tenders for determining EEG (German Renewable Energies Act) tariffs for wind parks on land.  “The key issues paper of the Federal Ministry of Economics for the planned tender design for renewable energies represents a radical intervention in the market and jeopardises the project developers’ planning security.” One reason for this, among others, is that the planned tender volume for onshore wind parks will be limited to 2,500 megawatts annually. “In this way the state is reducing the size of the market for wind energy artificially and thereby slowing down the growth of renewable energies and stifling the resulting impulses for the entire economy.” This will unnecessarily make wind energy more expensive - to the consumer’s detriment. Germany has, more than ever before, the outstanding potential for generating electricity from sun and wind inexpensively and close to the consumer and to use it to accomplish the successful and market-oriented energy turnaround. Above all it must be ensured that wind power can be expanded extensively and continuously in a calculable fashion especially also at locations in Southern Germany. “In the criteria for awarding tenders suggested in the key issues paper, we - among other things - do not see projects factors taken into consideration such as proximity to the user or the suitability for the entire energy system. “The hope remains that policy makers will recognise this, take into account the entire sector’s massive criticism regarding the key issues paper and adapt its tender design in the draft bill for the EEG (German Renewable Energies Act) 2016”, says Ove Petersen in his appeal to those responsible in Berlin.

Press contact:
Timo Bovi
Director Governmental Relations and Public Affairs
Tel.: +49 (0) 4671-6074235
Mobile: +49 (0) 177 8830622
E-mail: t.bovi(at)gp-joule.de

The GP JOULE Company:
GP JOULE is a universal, innovative and authentic partner for all areas of renewable energies. Under the motto "TRUST YOUR ENERGY", the company has developed, planned and realised projects for the future-oriented use of sun, wind, biomass and energy storage since 2009. Based on a sense of respect and responsibility for mankind and the environment, GP Joule develops intelligent energy concepts and integrated solutions, thereby ensuring that the power turnaround becomes a genuine energy turnaround. The guiding principles of company founders and agricultural engineers Ove Petersen and Heinrich Gärtner include authenticity, trust, fair play, innovation and quality as well as the aim to contribute to 100% of energy consumption being drawn from renewable sources in the future. GP JOULE is thus able to offer investors a highly promising and profitable investment option. GP JOULE operates four sites in northern and southern Germany as well as two international sites in the USA and Canada.