German renewable energy developer ABO Wind has sold eight French wind farms, with a total capacity of 116.5MW, to Czech energy group CEZ.
“In light of our excellent cooperation it was an obvious choice to expand our partnership,” explained Andreas Höllinger, chairman of the ABO Wind management board. “We look forward to working together to advance renewable energies in France.”
According to the agreement, ABO Wind will connect the projects, which are in various stages of development, to the French national grid over the next few years and will also take on the operational management.
For the projects now sold, ABO Wind has secured remuneration in accordance with the tariff system valid until 2016: it offers an inflation-indexed feed-in remuneration of approximately 80 euros/MW/h over a period of 15 years via market premiums.