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Chorus Clean Energy buys 62.2MW wind park portfolio

Staff writer |
Chorus Clean Energy acquired a wind park portfolio in the Poitou-Charentes region in Western France near the Atlantic coast with a total capacity of 62.2 megawatts (MW).

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With this purchase, Chorus has invested – to a large extent – all funds from its IPO in October 2015 as anticipated.

The wind park portfolio consists of four wind parks with eight V90 turbines and 14 V117 turbines from the global market leader Vestas. Two of the wind parks were already connected to the grid in July 2015.

These parks consist of the eight Vestas V90 turbines, which have a hub height of 105 meters.

Over the course of August and September, the other two parks, which are nearly complete, will begin operations. These two parks have a total of 14 Vestas V117 turbines with a hub height of about 92 meters.

All four parks are slated to produce over 148,000 megawatt-hours of electricity starting with the first full year of operation, which corresponds to the energy needs of about 55,000 average two-person households in Germany.

Chorus expects that the turbines will on average contribute about EUR 15 million to the company’s revenue annually during the term of the feed-in tariff.

The total investment volume, including the debt component, for the wind parks amounts to about EUR 120 million.

This is the largest single investment in the history of Chorus Clean Energy AG. The purchase is still subject to the customary conditions precedent. The seller is the wind project developer Volkswind GmbH, a subsidiary of the Swiss energy group Axpo.

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