ERG Aquires Six Wind Farms in Germany

Six wind farms acquired with an overall installed capacity of 48.4 MW

ERG, through its subsidiary ERG Power Generation S.p.A., has acquired from DIF RE Erneuerbare Energien 1 GmbH and DIF RE Erneuerbare Energien 3 GmbH, a 100% equity interest in six German companies, owners of six wind farms in Germany. The wind farms, with an installed capacity of 48.4 MW, have an expected average output of around 84 GWh per year, corresponding to about 66,000 t of avoided CO2 emissions; the farms came on stream during 2007 and have an average incentive expiry date of 2027. The price paid in terms of equity value amounts to 14,4 million Euro, corresponding to an enterprise value of approximately 40 million Euro, with average annual EBITDA forecast at around 5 million... ... More: Official Press Release ERG

Keywords:

ERG, Germany, wind farn