Windreich GmbH drives progress on offshore project MEG I

• The project development is continuing regardless of the opening of the preliminary insolvency proceedings of Windreich GmbH
• Financial close targeted before year end 2013

Wolfschlugen, 18. September 2013

Windreich GmbH continues driving the development of the offshore wind farm MEG I and targets the financial close within this year. Negotiations of the new management with suppliers, potential investors and the advisory banks were positive.

“We are pleased by the constructive feedback which we got from our most important partners in developing our second 400 MW offshore wind farm“, said Werner Heer, CEO of Windreich GmbH. “Talks so far clearly show that all parties are willing to pull in the same direction going forward. This encourages us to do our utmost to bring this project to a successful close.“

Offshore wind is the pivot of the German energy transition. Our wind farm MEG I is located in the German North Sea and comprises 80 wind energy converters of the 5 MW class. It is directly adjacent northwest of wind farm Alpha Ventus which has been in operation for three years now. For MEG I permit for construction was granted in 2009 and unconditional grid connection in May 2011. The HVDC converter station „DolWin alpha“ was successfully installed end of August 2013 by TenneT TSO GmbH. This guarantees grid connection on time. The wind farm will be built turnkey by a consortium comprising Areva Wind and HOCHTIEF within the framework of an EPC contract.

Windreich GmbH has filed for insolvency on September 5, 2013 with the local court in Esslingen. Interim administrator is Holger Blümle form law firm Schultze & Braun.

The 9000 tons converter platform “DolWin alpha” for Windreich´s Offshore wind farm MEG I was erected by crane boat “Thialf”


Windreich GmbH drives progress on offshore project MEG I

© Windreich GmbH 2013