Wind Works Power Corp has sold part of the 5MW Weiler III wind farm in Germany to an unnamed local municipal utility consortium.
Wind Works and the consortium will co-own the facility, which is under construction and expected to be complete during the summer.
The project consists of two Nordex N117 turbines with an investment value of approximately $10m once completed.
Wind Works achieved financial closing, including a downpayment to Nordex, last year.
Wind Works president and chief executive officer Ingo Stuckmann said: “We are excited to strategically partner with a strong municipal consortium to co-own and operate the second of our projects.
“It is our intention to build up operating assets.”
Image: Nordex N117 unit (Nordex)
Wind Works sells local power
Stake in 5MW Weiler III project in Germany sold to municipal utility group
By EBS