3U HOLDING AG Advances Renewable Energy Sector with Approval of Langendorf Wind Farm Repowering Project

3U HOLDING AG has announced receiving approval for its significant repowering initiative at the Langendorf Wind Farm in Saxony-Anhalt, Germany. This decision marks a crucial step for 3U ENERGY PE GmbH, a fully-owned subsidiary of 3U HOLDING AG, in enhancing its wind energy production. The German Federal Immission Control Act (BImSchG) approval facilitates the installation of new, more efficient wind turbines, heralding a substantial upgrade for the Renewable Energies segment.

The project plans to substitute seven out of 15 older turbines with five new Vestas V162 models. These turbines are expected to double the electricity output per megawatt of nominal output compared to the existing setup, significantly boosting sustainable energy production. Upon completion, the Langendorf facility's capacity will surge from 22.5 MW to 43.0 MW, substantially reducing CO2 emissions in energy generation.

3U HOLDING AG aims to begin construction work in Autumn 2024, with the inauguration of the new turbines projected for the last quarter of 2025. This expansion will not only enhance the group’s environmental contributions but is also seen as a pivotal move in achieving Germany’s climate goals. Total financing for this ambitious project exceeds EUR 50 million, underpinning the company’s commitment to green energy and sustainable development.

This initiative aligns with 3U HOLDING AG’s broader growth strategy, emphasizing the significance of renewable energy in its portfolio. The upgrade promises not only an appreciable increase in clean energy production but also a potential uplift in company revenue and profitability in the medium term, underscoring sustainability within its business operations.