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ENERCON signs supply agreement for 14 E-138 EP3 E2 wind energy converters for the repowering of Windpark Ihlow wind farm

Supply Agreement Onshore Wind announced Germany Dec 20, 2023

ENERCON will supply 14 E-138 EP3 E2 wind energy converters, totaling 58.8 MW, to WPI Repowering GmbH for the repowering of Windpark Ihlow in Germany. This agreement, valued in the.

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Deal Analysis

WPI Repowering GmbH has secured 14 ENERCON E-138 EP3 E2 wind energy converters for the repowering of Windpark Ihlow in Germany, a strategic move to optimize existing renewable assets. This supply agreement, announced on 2023-12-20, will see ENERCON deliver turbines totaling 58.8 MW, significantly enhancing the project's generation capacity. The commercial logic for WPI Repowering GmbH centers on leveraging established grid connections and land use, a common approach in mature European wind markets. While the financial value of the agreement remains undisclosed, ENERCON benefits from a substantial order for its E-138 EP3 E2 units, reinforcing its position as a key turbine supplier. This repowering initiative allows WPI Repowering GmbH to maximize output from an existing site rather than developing a greenfield project. This transaction aligns directly with WPI Repowering GmbH's core business model, as the German developer specializes in the repowering of existing wind and solar assets across Germany. Their focus on upgrading operational sites provides a clear motivation for the Windpark Ihlow project. For ENERCON, a wind turbine manufacturer and operator, this 58.8 MW supply agreement in Germany adds to its track record, which includes previous involvement as a supplier in an onshore wind acquisition deal in Türkiye, specifically for Reges Elektrik's acquisition of Demirli W. The continued investment in repowering projects like Windpark Ihlow by specialized developers such as WPI Repowering GmbH demonstrates a sustained commitment to modernizing Germany's onshore wind fleet.
  • ENERCON will supply 14 E-138 EP3 E2 wind energy converters.
  • The repowering project in Germany totals 58.8 MW.
  • WPI Repowering GmbH specializes in upgrading existing wind and solar assets across Germany.
  • ENERCON previously acted as a supplier for an onshore wind acquisition deal in Türkiye.
  • The supply agreement was announced on 2023-12-20.

Timeline

Announced
Dec 20, 2023
Signed
Closed

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