Hurrikan Power Funding Holding

Initial situation: Transaction with Essent

In 2007 our American partner bought a German portfolio consisting of operating wind farms totaling 65 MW and development wind farms totaling 85 MW from the Dutch energy provider Essent. Purchaser of these activities was Hurrikan Power Funding Holding GmbH.
The transaction had the following advantages for Essent:

• Sale of assets not belonging to the core business at an attractive price
• Development of a market presence as external service provider in the wind business
• Optimal workload for their own project development team
• Creation of a platform for future sales of assets not belonging to the core business

Present portfolio

After the completion of all construction projects in November 2009 Hurrikan Power managed an operational portfolio of 14 wind farms with a total installed capacity of more than 150 megawatts. In 2010 three wind farms of this portfolio with a total capacity of 23.4 megawatts, in 2011 five wind farms with 54,5 megawatts, were sold.

Our Asset Management Team works as backoffice for Hurrikan Power Funding Holding GmbH, the operative wind farm companies and for Hurrikan Infrastrukturgesellschaft mbH. In this backoffice function, we work closely with our partner ACCEPT EINS Steuerberatungsgesellschaft mbH, a tax consulting firm.
In addition to the current business management of the existing wind farms we jointly supervise the construction progress of the wind projects still under construction with our technical partner and plant manager LENPower GmbH.

6 operating wind farms ; 8 sold sites
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