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Plambeck Neue Energien AG founds JV for wind-farm projects in Hungary

The wind-farm developer Plambeck Neue Energien AG, Cuxhaven, and GM Umwelt- und Energiewirtschaft GmbH, Dresden, are founding a joint venture for the development and realization of wind-farm projects in Hungary. 

Plambeck Neue Energien AG will hold the majority of 79% in the joint venture. Nine wind-farm projects with up to 130 wind turbines and a nominal output to be installed of up to 260 MW, which are in various phases of development, will be included in the joint venture. These wind-farm projects are to be realized until 2011 and with the realization investments of around €300 million ($400 million).

GM Umwelt- und Energiewirtschaft GmbH will take on the development of the wind-farm projects up to construction maturity in the joint venture. Plambeck Neue Energien AG will be responsible for selection and purchasing of the wind-energy systems, the project financing and sales as well as the commercial and technical operational management in the operating phase of the wind-farms. The joint venture will bear the business name 'Plambeck GM New Energy Hungary Kft' and have its headquarters in Hungary. (