CEE Group acquires 24 MW wind farm portfolio from juwi

CEE Group, the Ham­burg-head­quar­tered renew­able asset man­ag­er has acquired the Haune­tal (Hesse) and Eben­heim (Thuringia) wind farms from juwi, grow­ing it’s wind port­fo­lio to 528 megawatts.

The Rhein­hessen-based project devel­op­er juwi from has sold two wind farms totalling 23.6 MW of capac­i­ty. The 11 MW Eben­heim wind farm (Thuringia, dis­trict of Gotha) con­sists of two GE 5.5–120 tur­bines and a hub height of 161 m, and the Haune­tal wind farm (Hesse, dis­trict of Hers­feld-Roten­burg) con­sist­ing of four Ves­tas V150 tur­bines each with an out­put of 4.2 megawatts and hub height of 166 m. Three of the four tur­bines have been acquired by CEE, the remain­ing tur­bine was devel­oped by juwi as a com­mu­ni­ty devel­op­ment.

juwi and CEE Group have a long­stand­ing rela­tion­ship, with the trans­ac­tion mark­ing the eighth joint renew­able project togeth­er. CEE Group recent­ly acquired the Mohlis wind farm, which includ­ed the thou­sandth wind tur­bine com­plet­ed by juwi – a mile­stone for juwi, a renew­able ener­gy pio­neer.

“We are all the more delight­ed to be able to main­tain this sol­id, long-stand­ing busi­ness rela­tion­ship and realise two projects with CEE this year”, states juwi CEO Michael Class, com­ment­ing on the deal. “We would like to express our thanks for this suc­cess­ful col­lab­o­ra­tion which has always been con­duct­ed on the basis of trust. This has shown once again that CEE is able to imple­ment two project trans­ac­tions reli­ably and effi­cient­ly almost simul­ta­ne­ous­ly.”

Detlef Schreiber, CEO of CEE Group said “We are pleased to have suc­cess­ful­ly closed anoth­er trans­ac­tion with juwi who have been a val­ued part­ner since 2011. CEE Group’s suc­cess is under­pinned by our his­to­ry of col­lab­o­ra­tion with part­ners, with whom we have com­plet­ed over 800 MW of capac­i­ty. juwi Group has clear­ly been such a part­ner since 2011, and we hope that we will con­tin­ue to work togeth­er as suc­cess­ful­ly in the future on both Ger­man and inter­na­tion­al trans­ac­tions”,

Jens Schnoor, CEE Invest­ment Direc­tor, added: “The col­lab­o­ra­tion with juwi was once again very suc­cess­ful, and we look for­ward to work­ing togeth­er in the future”

The pur­chase price was not dis­closed. Long­stand­ing part­ners of juwi and CEE Group, Deutsche Kred­it­bank AG and Berlin­er Volks­bank e.G   financed the acqui­si­tion.

Both wind farms are now under con­struc­tion with com­mis­sion­ing expect­ed in sum­mer 2021.

About juwi Group

juwi Group is one of the lead­ing spe­cial­ists in renew­able ener­gies. This renew­able ener­gy pio­neer offers com­plete project devel­op­ment as well as fur­ther ser­vices sur­round­ing the con­struc­tion and oper­a­tion of renew­able ener­gy sys­tems. juwi Group’s main fields of activ­i­ty relate to projects involv­ing wind and solar ener­gy.

juwi was found­ed in Rhein­land-Palati­nate in 1996 and is based today in Wörrstadt near Mainz. MVV Energie AG from Mannheim has been the part­ner and own­er of juwi Group since the end of 2014. juwi Group employs around 850 staff world­wide and is involved in projects with offices on all con­ti­nents.

To date, juwi has realised more than 1,000 tur­bines with an out­put of more than 2,400 megawatts at around 180 loca­tions around the world in the wind sec­tor; in the solar seg­ment, the fig­ure is more than 1,700 PV instal­la­tions with a total out­put of more than 2,700 megawatts. Togeth­er, these ener­gy sys­tems pro­duce more than 8 bil­lion kilo­watt hours of elec­tric­i­ty every year; this cor­re­sponds to the annu­al require­ment of around 2.6 mil­lion house­holds in Ger­many. In the last 20 years, juwi has ini­ti­at­ed a total invest­ment vol­ume of around 9 bil­lion euros for the imple­men­ta­tion of ener­gy projects.