Eifel, Germany
The Eifel Wind Farm (Eifel) comprises four sites in the South-Western region of the Rhineland-Palatinate in the Federal Republic of Germany.
Eifel has 23 turbines in operation, including Nordex S70/77 and Enercon E70 E4 turbines, with a combined capacity of 36.5MW and a net capacity factor of 23.1%.
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Funding
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Combination of equity ($15 million) and limited recourse debt financing ($52 million)
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Revenue
assurance
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Under the German renewable energy law electricity utilities are obliged to connect wind power assets to their networks and to take 100% of the electricity produced at the current (regulated fixed) tariff
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Customers
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RWE Rhein-ruhr Verteilnetz GmbH, Wesel
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Construction
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Fixed price lump sum engineering, procurement and construction turnkey contract with Nordex Energy GmbH
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Operation
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14 year1 maintenance contract with Nordex
10 year1 technical management agreement with Renerco
10 year1 operating management agreement with Renerco
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Land
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Land leases with a minimum tenure of 20 years
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Regulatory
regime
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German fixed price system (EEG)
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Note:
1. From start of operations (Sept, 2005)