ABO Energy Ventures into Operating Renewable Energy Parks

ABO Energy GmbH & Co. KGaA is contemplating expanding its operations to include building and operating renewable energy parks. This strategic shift aims to transform the company from a successful project developer into an Independent Power Producer. Managing Director Dr. Karsten Schlageter highlights the potential benefits of tapping into new energy-related business areas.

The company's vast experience in Power Purchase Agreements positions it well to offer tailored solutions to large electricity consumers. The German wind energy market, crucial for ABO Energy, now experiences increased capacity, allowing the company to consider operating projects it develops. With a development pipeline of 34 gigawatts, ABO Energy is well-prepared, however, financial resources are needed to expand the portfolio. Discussions are ongoing with potential investors and partners for financial backing.