ABO Wind AG

  • WKN: 576002
  • ISIN: DE0005760029
  • Land: Deutschland

Nachricht vom 02.10.2020 | 10:28

ABO Wind AG secures tariffs in innovation tender; Metzler raises share price target

DGAP-News: ABO Wind AG / Key word(s): Market Report/Research Update
02.10.2020 / 10:28
The issuer is solely responsible for the content of this announcement.

ABO Wind secures tariffs for six projects in first innovation tender

- Solar parks and solar/storage combinations with a total of 20 megawatts were successful

- Electricity storage is gaining importance for ABO Wind

- Several battery storage projects in development

- Metzler analyst raises share price target to 40 euros

ABO Wind has secured tariffs for all six submitted projects in the first innovation tender for renewable energies of the German Federal Network Agency. Contrary to the tenders for wind and solar projects, this tender is technology neutral and different renewable energy systems can be combined.

ABO Wind has won tariffs for three free-field solar parks as well as three projects combining photovoltaics and battery storage. The projects have a total capacity of 20 megawatts and are expected to be commissioned in 2021 and 2022. The three PV projects are located in Aulendorf (Baden-Württemberg), Einöllen (Rhineland-Palatinate) and Mossautal (Hesse). The combination projects are located in Gumpen (Hesse), Lahr and Wahlheim (both Rhineland-Palatinate).

"This six-fold success in the tender is a milestone for our company," says Dr. Thomas Treiling, Head of Project Development in Germany. In view of the growing importance of electricity storage, Treiling stresses the significance of ABO Wind, as a pioneer of renewable energy, being at the forefront of this technology. "The higher the renewable share in German electricity, the more urgent the development and market maturity of storage systems becomes. That is why we are delighted to be able to advance this important innovation."

Electricity storage is a growing business area for ABO Wind and is coordinated in the departments Hybrid Energy and Battery Storage Systems (https://www.abo-wind.com/en/range-of-activities/more-clean-energy/hybrid-energy-systems/index.html) managed by Dr. Julia Badeda. In addition to the three projects that were successful in the tender, ABO Wind is planning a ready-to-build battery storage facility in Kells, Northern Ireland (https://www.abo-wind.com/en/the-company/international/united-kingdom/kells-battery-storage.html) with a capacity of 50 megawatts or 25 megawatt-hours to stabilise the grid: It will be one of the fastest storage systems in the world to react to fluctuations in generation and consumption in the island system. Further battery storage projects are in various stages of planning.

In addition to these large-scale applications, ABO Wind also facilitates cost savings for industrial customers through storage: The Electricity Network Fee Ordinance rewards continuous electricity purchases, while peak loads increase network fees considerably. This is where a battery storage system comes into play by capping peak loads. The storage units allow for a safe and trouble-free integration into existing industrial grids and can provide additional support in the microgrid. The company also offers the service from design to construction as a white label solution for municipal utilities.

Even before the latest tender successes, analyst Guido Hoymann raised the price target for the ABO Wind share from previously 29 to 40 euros. His current analysis as well as previous publications are available for download (https://www.abo-wind.com/en/share/analyst-ratings.html).



02.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


show this

ESG-Whitepaper im Fokus

The Corporate ESG Guide: A 360 view on the current landscape and trends

Die ESG-Kriterien (Environmental, Social and Governance) werden auch für Emittenten immer wichtiger, wenn sie für Investoren attraktiv bleiben wollen. In dem Whitepaper “The Corporate ESG Guide: A 360 view on the current landscape and trends” beantworten die Experten von Investor Update grundlegende Fragen von Emittenten. Außerdem kommen Vermögensverwalter, Unternehmensberater Manager und ESG-Ratingagenturen zu wichtigen ESG-Themen zu Wort.

GBC-Fokusbox

"GBC Best of m:access 2020": Neue vielversprechende Auswahl

Unsere letztjährige „GBC Best of m:access“-Auswahl hat sich mit einer Performance von über 50 % überdurchschnittlich stark entwickelt und alle relevanten Indizes hinter sich gelassen. Im Rahmen der vorliegenden aktualisierten Studie präsentieren wir Ihnen eine in Teilen neu zusammengesetzte Selektion, die weiterhin 15 Unternehmen umfasst. Die aktuellen Einschätzungen zu den Einzeltiteln und auch weitere Informationen zur Entwicklung des m:access sind in der vollständigen Studie „GBC Best of m:access 2020“ enthalten.

News im Fokus

Munich Re verkündet Gewinnziel von 2,8 Mrd. € für 2021; Gewinnprognose 2020: 1,2 Mrd. €

01. Dezember 2020, 10:54

Aktueller Webcast

ADLER Group S.A.

Neunmonats-
Investor Call
Q3 2020

30. November 2020

Aktuelle Research-Studie

Original-Research: GBC Insider Focus Index (von GBC AG): GBC Insider Focus Index

02. Dezember 2020