The wind picks up: Good start into 2022 for renewables at 3U

The Renewable Energies segment in the 3U HOLDING AG (ISIN DE0005167902) Group has recorded a good start into the year 2022. While 2021 was a period of extraordinarily low wind, electricity generation from wind power in the months of January and February 2022 was around 100 % above that of the first two months of 2021 and almost 40 % above the long-term electricity yield average. As the electricity yield of wind farms is not predictable, the long-term average serves as the basis for Group planning in this segment. The technical availability of the wind farms, another key factor for the yields and thus the profitability of wind turbines, remains at a high level at 3U with an average of around 99 %.

3U’s wind turbines no longer receive any income under the German Renewable Energy Act (EEG). The electricity generated is being commercialised by way of individual power purchase agreements (PPAs) with utilities. The 3U Management Board was able to secure favourable conditions for electricity deliveries in 2022 and in some cases already for 2023, thanks to which average revenues above the former feed-in tariff will be achieved.

“Obviously, the business of electricity generation from wind and sun is dependent on the weather conditions. But becoming independent of fossil fuels: That is crucial to combating climate change. At the same time, the further expansion of renewable energies is also the key to energy self-sufficiency, to greater independence from coal, oil and gas supplies from abroad,” Uwe Knoke, CFO of 3U HOLDING AG, is convinced. “Within the scope of our possibilities, we at 3U are also making our contribution to achieving these goals.”

3U HOLDING’s portfolio includes 3 wind farms with a combined nominal capacity of around 43 MW, a photovoltaic power plant with a nominal capacity of around 10 MWp, as well as a number of smaller solar power plants.

Über die 3U HOLDING AG

3U HOLDING AG (www.3U.net) has its headquarters in Marburg, Germany, and was founded in 1997. It is the operating management and investment holding company at the head of the 3U Group. It acquires, operates and sells companies in the three segments of ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (Sanitary, Heating and Air Conditioning Technology). The 3U Group has successful and profitable business models based on megatrends in all three segments. It continues to expand its business activities dynamically, particularly in its strongest growth areas of cloud computing and online trading, in which it is striving to achieve leading positions in the market.

3U HOLDING AG’s shares are traded on XETRA, Tradegate and on the German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).

Firmenkontakt und Herausgeber der Meldung:

3U HOLDING AG
Frauenbergstraße 31-33
35039 Marburg
Telefon: +49 (6421) 999-0
Telefax: +49 (6421) 999-1222
http://www.3u.net

Ansprechpartner:

Dr. Joachim Fleing
Head of Investor Relations
Telefon: + 49 6421 999-1200
Fax: + 49 6421 999-1222
E-Mail: fleing@3u.net

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