EGL is investing in assets only if they support its trading activities. If possible, EGL joins existing projects or acquires stakes in existing assets instead of developing assets on its own.
EGL focuses on assets to be deployed flexibly and on wind power assets. The company is also pursuing other projects in renewable energies. In addition, EGL pursues major infrastructure projects in order to transport electricity and natural gas.
SELECTED ASSET-PROJECTS
Trans Adriatic Pipeline
EGL, Statoil (NO) and E.ON Ruhrgas (GER) are jointly developing the Trans Adriatic Pipeline (TAP) natural gas pipeline project. TAP will run from Greece via Albania across the Adriatic Sea and into Italy, linking Western Europe with important natural gas reserves in the Caspian Sea area and in the Middle East and making an important contribution to diversifying Europe's natural gas resources and ensuring security of supply.
Visit the official website of the TAP project.
Global Tech I
EGL holds a 24.1% stake in Global Tech I Offshore Wind GmbH, which is planning to build the 400-megawatt wind farm Global Tech I off the north coast of Germany (80 wind turbines, each with an output of 5 megawatts). Beginning end of 2013, Global Tech I will generate 1.4 billion kilowatt hours of electricity annually.
Visit the official website of the project (German only).
Winbis
EGLis planning to build a 66-MW wind farm in Campania (Italy). The demolition of old facilities on the complex has been completed. The installation of the turbines is scheduled for the end of 2011. The commissioning of the wind farm is planned to take place in summer 2012.
Visit the official website of the EGL project company Winbis.
