EnerVest AG
EnerVest secures over 200 MW of Wind-Farm Projects in Benelux
EnerVest AG / Miscellaneous Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Munich, 23 June 2009 - The management of EnerVest AG announced today that the company develops several wind-farms in some regions of the Benelux countries. The wind-farms have a rated capacity of approximately 220 MW and are in advanced state of development. The portfolio will generate a total investment of over EURO 320 million and will be accomplished in cooperation with a third party investor. Mr. Michael Scholz, CEO of EnerVest is of the opinion that the Benelux countries offer optimal conditions for the production of energy from wind. Michael Scholz explains the engagement of EnerVest saying: 'Notwithstanding these countries offer ideal economic conditions and a solid legal framework, wind-energy was more or less neglected in the past in several regions.' In fact, in the matter of wind energy the Benelux countries compare unfavorably with some leading European wind nations such as Denmark, Spain and Germany. 'Currently great efforts are undertaken to catch up in terms of wind-energy. For EnerVest, this was a good chance to access another European growth market.' EnerVest AG develops, owns and operates renewable energy projects in the greater European growth markets. Besides its activities in Germany, EnerVest is presently active in Poland, France, Benelux, Italy and Turkey. Presently, the company has wind-farms in advanced state of development in the size of approximately 800 MW rated capacity. EnerVest also develops photovoltaic projects of approximately 60 MW. Contact: EnerVest AG Maximilianstrasse 47 80538 München Germany Phone: +49 (89) 23 23 92 93 - 0 Fax: +49 (89) 23 23 92 93 - 99 Email: contact@enervest.eu 23.06.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------
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