Positive general situation favors investment plans - W.E.B issues a new bond

During a press conference held on October 11, 2011, the W.E.B. Management Board unveiled the company’s growth plans, as well as the new 5% Bond 2011-2016, which should facilitate this investment thrust.

W.E.B is making good progress with its growth strategy, which was established in 2010, and the installation of wind farms with installed capacity of roughly 46 MW is planned for 2012. W.E.B’s planning volume, which is in various stages of completion, currently amounts to 350 MW. In France, the groundbreaking ceremony for the Plaine de l’Artois wind farm, which will have a total capacity of around 12 MW, recently took place, and in Austria work is about to commence on the Dürnkrut-Götzendorf and Matzen/Klein-Harras plants. In addition, following its recent entry into the Canadian market, the company anticipates further wind power projects on the other side of the Atlantic. All in all, W.E.B intends to increase its wind power plant capacity to some 450 MW by 2015.

A better operational environment than ever before

The trend towards regenerative energy has never been stronger and not least due to the Fukushima disaster, the shift in opinion towards “clean” energy has accelerated sharply. The Austrian parliament has also reacted having agreed an amendment to the Eco-electricity Act in July 2011, which facilitates the rapid reduction of the extensive project waiting list and hence the speedy realization of W.E.B’s planned plants. Moreover, in international markets the signals in the regenerative energy sector continue to point to growth. In the coming years, Germany, France and Italy all intend to make major investments in alternative energies with wind power as the flag-bearer of the energy paradigm.

5% Bond 2011–2016 – a solid investment that also offers a clear conscience

Following the successful issue of Austria’s first wind energy bond at the end of 2010, W.E.B is again issuing a bond during the current year in order to finance its ongoing power plant investments. The bullet bond will mature in five years and bear interest of 5% p.a. The issue price of the bonds with a nominal value of EUR 1,000 will amount to 100 per cent and at a maximum the subscription period will run from October 12 to December 9, 2011. The issue volume will initially amount to EUR 5 million, but it is possible that this will be raised to a total of EUR 8 million. It should be noted that the W.E.B bond may only be subscribed to by persons resident in Austria.

In order to inform both interested parties and stockholders about the company’s plans and the new bond in person and in detail, “W.E.B Visions” information events are to be held again in Vienna, Linz, Graz, Salzburg, Innsbruck and at company headquarters in Pfaffenschlag.

More detailed information regarding the 5% Bond 2011-2016 and "W.E.B Visions 2011" can be obtained by clicking here.