Successful sale of the project to Spanish utility
In this respect, all relevant documents (EIA, site investigation, design basis, etc.) were prepared for the planning approval. Furthermore, the business model / financial model was developed and backed by the expected construction costs (CAPEX), operating costs (OPEX) and financing framework conditions. Due to the competitive pressure in Germany (grid connection capacities are allocated by auction), the relevant CAPEX and OPEX costs had to be determined by tendering and negotiating supply contracts. As a result, an EPCI contract (turnkey) was negotiated with the wind turbine supplier (OEM) and the consortium (OEM partner + balance-of-plant partner). As part of the marketing of the project, a successful sale to a Spanish utility was concluded in 2017 (prior to the auction). The project was awarded (476,25MW) with a bid price of 64 EUR/MWh in the German auction (April 2018).