Milestones

 

2017 YTD: Sale of wind farm in Germany with a capacity of 27.6 MW. Term sheet signed for wind farm in Italy with a capacity of 20 MW and for two wind farms in Germany with a total capacity of 18.6 MW

2016: Won the entire capacity tendered in the first-ever EU cross-border tender in Germany. Successfully constructed 108 MW of capacity at eight sites, and additional 166 MW were under construction as of year-end 2016

2015: Constructed largest solar PV park in the Nordics to date (75 MW). Grid-connected two 8 MW turbines (world’s most powerful), in Denmark, capable of supplying electricity to 18,000 households

2014: Issue of listed bond of EUR 45m. EE will be able to initiate and complete a larger number of projects compared to earlier when financing was provided on a case-by-case basis

2013: First repowering project completed. Initiation of a joint venture with the Danish IFU fund and the Climate Investment Fund to handle development activities beyond the traditional scope (e.g. non-OECD markets)

2012: European Energy enhances focus on the development of new wind farms in Denmark, Germany, Sweden and Poland. In corporation with an Italian utility company a total capacity of 34 MW is erected in Tuscany, Italy. The company acquires German wind parks with a total installed and operating capacity of 45 MW from Green Wind Energy A/S. Continued focus on sell-off of operating Wind Park in Germany.

2011: European Energy continues the strategy from 2010 and increases focus on project development in Northern Europe and wind power in particular. The company completed the transaction with the largest PV plant to date; a 4 MW PV plant based in Italy is sold to the Danish utility EnergiMidt. European Energy obtains the first Danish building permits for Wind Parks.

2010: European Energy changes focus from being an Independent Power Producer (IPP) to becoming a developer of renewable energy farms. As a consequence, the company divests in its assets. European Energy still holds a 30 per cent share in approximately 200 MW wind parks and more than 80 per cent of about 15 MW PV farms. The power production from the company’s PV plant portfolio exceeds the combined PV production in Denmark. European Energy obtains building permits in Italy and Poland.

2009: European Energys turnover increases by almost 50 per cent and EBT increases by 180 per cent. The company acquires the majority share in European Wind Farms A/S. The company invites co-investors to finance early development stages to share risk and reduce capital bindings.

2008: European Energy invests approx. EUR 420 MM in renewable energy plants. The company operates more than 250 MW and employs 32.

2007: European Energy turnover reaches EUR 15 MM. The company developes wind farmds in Italy, Greece, Poland and Bulgaria. The Danish Busines Magasine “Børsen” awards European Energy as the company with the highest turnover-growth. The development portfolio is expanded with the first Spanish PV farms. European Solar Farms A/S is established.

2006: European Energy builds 66 additional wind turbines – the majority share in Germany and a single farm in Italy. European Energy is Vestas’ largest customer on the German market. The company sells off majority share in European Wind Farms A/S

2005: European Energy builds 5 wind farms comprised of 19 wind turbines in Germany

2004: European Energy is founded by the two current owners Knud Erik Andersen and Mikael D. Petersen. Both hold a M.Sc. Engineering.