Project Development, Wind Power

Novera Energy Scoops Up German Wind Projects

[RenewableEnergyAccess.com] Novera Energy Limited has secured the exclusive right to negotiate the acquisition of a number of wind farms in current operation and in advanced development in Germany. The company also announced updated plans to list on the AIM market of the London Stock Exchange concurrently with its expansion into the broader European renewable energy market. The Company will maintain its Australian listing. Novera Energy is in exclusive negotiations to purchase up to 56 MW of German wind power assets from one of Germany’s leading wind power developers, Germania Windpark GmbH & Co. The portfolio comprises 9 MW of wind turbines already installed and operating on the outskirts of Berlin and a further 47 MW either under construction or due for completion and operation over the next eight months at four other sites across Germany. Each asset purchase will be completed when the wind farms have been built and commissioned, with the first due to occur in coming weeks. All projects in the portfolio feature GE turbines with long term operating and maintenance agreements with GE Energy.