Contact

Mankhauser Straße 7a
42699 Solingen
TEL +49 212 64 59 70-0
FAX +49 212 64 59 70-29
mail<at>aeos-energy.de

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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Strategy for growth

The Business Origination team supports the consequent development of Hurrikan into a diversified producer of renewable energy.

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Wind energy
 
  • Fourteen operating wind farms totaling 150 MW
  • Total portfolio: 150 MW.

Diversification of renewable
energy sources
 
  • Diversification into the areas of biogas, biomass, geothermal energy.
  • Improved risk spreading, reduced dependence on the wind availability.


Virtual Power Plants
 
  • Coordination of a decentralized generation portfolio with central dispatching
  • Trading options, delivery of peak load possible.
  • Independence from the  Renewable Energy Sources Act
  • Partnership option with regional energy providers


Jettebruch

capacity 9.0 MW
turbines 5
type ENERCON E66
start of operation June 2003

Heyen

capacity 10.8 MW
turbines 6
type ENERCON E66
start of operation May 2004

Embsen

capacity 7.2 MW
turbines 4
type ENERCON E66
start of operation July 2004

Mehlbeck

capacity 7.2 MW
turbines 4
type ENERCON E66
start of operation December 2003

Bleidenrod

capacity 7.2 MW
turbines 4
type ENERCON E66
start of operation March 2004

Diemelsee

capacity 14,4 MW
turbines 8
type ENERCON E66
start of operation July 2004

Neuhof

capacity 9 MW
turbines 5
type ENERCON E66
start of operation July 2003

Tobringen

capacity 5,6 MW
turbines 7
type ENERCON E 53/E4
start of operation August 2008

Schweskau

capacity 16 MW
turbines 8
type ENERCON E70/E4
start of operation September 2009

Lübbow-Bösel

capacity 18 MW
turbines 9
type ENERCON E70/E4
start of operation September 2009

Tramitz I

capacity 12 MW
turbines 6
type ENERCON E70/E4
start of operation Augast 2009

Tramitz II

capacity 14 MW
turbines 7
type ENERCON E70/E4
start of operation September 2009

Endeholz

capacity 6 MW
turbines 3
type ENERCON E70/E4
start of operation January 2009

Thurauer Berg

capacity 14 MW
turbines 7
type ENERCON E70/E4
start of operation March 2009