German-headquartered ABO Wind has expanded its partnership with Czech utility CEZ with the sale of eight French wind farms with a total capacity more than 116 MW. The deal is expected to be completed by mid-2017. ABO will also secure milestone payments, with remuneration based on the 2016 tariff system of €80 MWh over 15 years. ABO Wind said it has secured remuneration in accordance with the tariff system valid until 2016 of approximately €80 a megawatt-hour over 15 years. In 2017, CEZ acquired 100 MW of wind farms from ABO.
German-headquartered ABO Wind has expanded its partnership with Czech utility CEZ with the sale of eight French wind farms with a total capacity more than 116 MW. The deal is expected to be completed by mid-2017. ABO will also secure milestone payments, with remuneration based on the 2016 tariff system of €80 MWh over 15 years. In 2017, CEZ acquired 100 MW of wind farms from ABO.