DGAP-News: ABO Wind AG / Key word(s): Market Report/Disposal 
ABO Wind AG sells two solar projects in Argentina 
 
2020-12-18 / 11:40 
The issuer is solely responsible for the content of this announcement. 
 
*ABO Wind sells solar projects in Argentina* 
 
*- *Two fully developed solar projects with a capacity of 10 megawatts each 
sold 
 
- Analysts raise target price for ABO Wind share significantly to 54 euros 
 
ABO Wind has succeeded in selling two solar projects that had already 
secured a tariff in the last RenovAR 3 tender in Argentina. The projects Del 
Amanecer and Los Álamos are both located in the Province of Catamarca in the 
Northwest of Argentina. The projects have a capacity of about 10 megawatts 
each. 
 
"Starting with the site acquisition, we have been working on these projects 
for about two years. The projects have received all necessary permits and 
licenses and are ready for construction," says Lucila Bustos, General 
Manager of the Argentine subsidiary of ABO Wind. The investor is a European 
company specialising in renewable energies and plans to start construction 
next year. ABO Wind will also provide construction supervision for both 
solar farms. 
 
ABO Wind has been present in Argentina with an office in Buenos Aires since 
2006. In recent years ABO Wind has sold several Argentine wind and solar 
projects during development. The company's long-term strategy is to also 
construct and commission new projects as general contractor and to cover the 
entire value-chain of project development and implementation. 
 
To date, ABO Wind has installed renewable energy plants with a total 
capacity of around 1,600 megawatts worldwide. A recent capital increase just 
raised the company's equity to 140 million Euros, thus increasing the 
company's capability to pre-finance the construction of even large wind and 
solar farms. 
 
Although the current economic crisis in Argentina was magnified by the 
Corona pandemic, ABO Wind will continue developing projects in this country 
that offers some of the best wind and solar conditions on the planet. 
 
The latest sales success in Argentina is part of an overall positive 
business development for ABO Wind in 2020. The equity analysts at Bankhaus 
Metzler and First Berlin therefore recently significantly raised their price 
targets for the ABO Wind share 
(https://www.abo-wind.com/en/share/analyst-ratings.html [1]). Both analysts 
now see the share as fairly valued at 54 euros. The analysts' previous price 
targets were 40 euros and 30.5 euros respectively, which have already been 
reached or exceeded thanks to the good share price performance in recent 
months. 
 
Contact: 
Alexander Koffka 
Phone: +49 (0)611 267 65-515 
Fax: +49 611 267 65-599 
E-Mail: alexander.koffka@abo-wind.de 
 
2020-12-18 Dissemination of a Corporate News, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
The DGAP Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     ABO Wind AG 
             Unter den Eichen 7 
             65195 Wiesbaden 
             Germany 
Phone:       +49 (0)611 26 765 0 
Fax:         +49 (0)611 26 765 5199 
E-mail:      global@abo-wind.de 
Internet:    www.abo-wind.de 
ISIN:        DE0005760029 
WKN:         576002 
Listed:      Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, 
             Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange 
EQS News ID: 1156306 
 
End of News DGAP News Service 
 
1156306 2020-12-18 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=14630d4976fba53f2b2e658e6230281b&application_id=1156306&site_id=vwd&application_name=news

(END) Dow Jones Newswires

December 18, 2020 05:40 ET (10:40 GMT)