Blue Elephant Energy AG
- Land: Deutschland
Nachricht vom 15.04.2021 | 08:00
Blue Elephant Energy AG: Blue Elephant Energy and UKA enter into a 500 MWp solar development cooperation for projects in Germany
DGAP-News: Blue Elephant Energy AG
/ Key word(s): Agreement/Alliance
Blue Elephant Energy AG (BEE), a Hamburg-based independent operator of solar and wind power plants has, through its subsidiary, BEE Development GmbH, entered into a development framework agreement on solar portfolio with a capacity of 500 MWp with the project developer and operator of renewable energy systems Umweltgerechte Kraftanlagen GmbH & Co.KG from Meissen (UKA). Completion of the first solar parks is expected for early 2023.
The portfolio includes 11 solar projects in an advanced development stage with capacities between 20 MWp and 130 MWp individually. These solar projects are located at various locations in the German federal states of Brandenburg, Mecklenburg-Vorpommern, Sachsen und Sachsen-Anhalt. UKA will develop the projects until they reach ready-to-build status. After construction, the parks will remain part of BEE's renewable asset portfolio. The gross revenues are expected to be secured via long-term Power Purchase Agreements.
The portfolio will contribute to a reduction of global CO2 emissions by approximately 280,000 tons and will account for the annual electricity consumption of 200,000 households once in operation.
"We are pleased to expand our long-standing business relationship with UKA from which we have already acquired various wind projects. Even more so, we are pleased to be able to expand this partnership in the solar sector as well. By securing this portfolio, BEE can significantly expand its German portfolio in a stable and currently very attractive market for PV electricity without bearing risks from project development" comments Tim Kallas, Chief Investment Officer of Blue Elephant Energy AG.
"In order to successfully implement solar parks, you need partners with whom you can work together trustingly over the long term. Blue Elephant Energy AG has been such a partner for us for many years "emphasizes Gernot Gauglitz, Managing Partner of UKA.
For formal reasons, the cooperation is subject to cartel approval and still requires approval by the Federal Cartel Office.
About Blue Elephant Energy AG:
Blue Elephant Energy AG (BEE) acquires and operates Solar Parks and Wind Farms in eight countries with a focus on Western-Europe. Founded in 2016, BEE is currently operating a renewable energy portfolio of 1,107 MW, from which a part is under construction. Until the end of 2020, BEE's renewable energy assets contribute to a sustainable energy supply by saving 956,419 tons of CO2 annually and providing 711,028 households with clean energy. As part of its ESG strategy BEE directly contributes to social projects on a local level, particularly in Chile and in the Dominican Republic. BEE has secured additional 1,091 MW Solar Park capacity in the context of co-development agreements with a limited range of developers, based on longstanding relationships and mutual appreciation. With equity provided by BEE's shareholders and participation rights capital provided by medium sized insurance companies, BEE has been able to invest well above EUR 1.2 billion since inception.
About Umweltgerechte Kraftanlagen GmbH & Co. KG:
UKA plans, builds, supports and operates wind and solar farms as well as associated infrastructure. Founded in 1999, the company is one of the leading German wind farm developers with around 60 wind farms and solar farms* connected to the grid and an international project pipeline of four gigawatts. As a full-service provider, the group provides all services up to the turnkey handover of the facilities. Subsequently, the subsidiary UKB Umweltgerechte Kraftanlagen Betriebsführung GmbH will provide optimum technical and economic support for renewable energy generation plants for decades. The UKA Group currently employs around 700 people at its locations in Meissen, Cottbus, Rostock, Lohmen in Mecklenburg, Erfurt, Magdeburg, Oldenburg, Bielefeld, Grebenstein (near Kassel) and Hanover. Furthermore, UKA is currently expanding its business activities in other European markets. UKA Iberia S.L.U. has been operating from Madrid since 2019. In addition, UKA North America LLC from Stuart (Florida) is driving promising renewable energy projects in the USA.
*partially realized by a partner of UKA, unlimited energy GmbH, in which UKA has a majority stake.
Blue Elephant Energy AG
Fon: +49 40 320 27 21 0
Fax: +49 40 320 27 21 02
|Company:||Blue Elephant Energy AG|
|EQS News ID:||1184930|
|End of News||DGAP News Service|
GBC im Fokus
net digital, der digitale und mobile Payment-Spezialist
Die net digital AG agiert mit ihren digitalen und mobilen Paymentlösungen und den hierzu ergänzenden Diensten (z. B. Abo-Management und zahlungsbezogene KI-Lösungen) im multimilliarden-schweren Paymentmarkt. Basierend auf der vielversprechenden Wachstumsstrategie und der guten Marktpositionierung, sollte es dem net digital-Konzern gelingen, ab dem Jahr 2022 ein nachhaltiges dynamisches Wachstum zu erreichen. Parallel hierzu rechnen wir aufgrund des sehr skalierbaren Geschäftsmodells (Plattform-Ansatz) mit einer überproportionalen Ergebnisverbesserung. Bei dem von uns ermittelten Kursziel von 20,60 € vergeben wir das Rating KAUFEN.
Der AKTIONÄR News
27. Januar 06:06 Lufthansa: "Kursziel 10,00 Euro"
27. Januar 06:36 Infineon-Aktie: Zinsangst gegen Chip-Boom - wer behält die Oberhand?
27. Januar 06:36 TUI, Carnival & Co im Aufwind - doch DER AKTIONÄR setzt auf eine ...
27. Januar 06:37 DAX: Zinsangst belastet, schwache Vorgaben aus Asien, Sartorius, ...
27. Januar 06:52 SAP will US-Fintech übernehmen
News im Fokus
Deutsche Bank kündigt Kapitalausschüttungen an
26. Januar 2022, 18:23
Trading Update FY 2021
25. Januar 2022
Original-Research: GBC Insider Focus Index (von GBC AG): GBC Insider Focus Index
26. Januar 2022