CEE Group acquires 50th renewable energy power project

The Ham­burg-based CEE reach­es a new mile­stone – with its lat­est acqui­si­tion, the asset man­ag­er has increased its port­fo­lio to 50 wind and solar farms. The total capac­i­ty of all renew­able ener­gy sources under the man­age­ment of CEE has there­fore risen to about 630 megawatts (MW).

 The Ham­burg asset man­ag­er CEE con­tin­ues to expand its port­fo­lio and has acquired the Schmölln wind farm in Bran­den­burg. The sell­er is juwi Energiepro­jek­te GmbH. The wind farm con­sists of four tur­bines (Ves­tas V126). The hub height is 137 m and the rotor diam­e­ter 126 m. The wind farm’s total capac­i­ty amounts to 13.2 megawatts (MW). CEE Oper­a­tions GmbH will be respon­si­ble for the com­mer­cial man­age­ment, while juwi Oper­a­tions & Main­te­nance GmbH will over­see the tech­ni­cal oper­a­tions.

This is the sixth project that CEE and juwi have suc­cess­ful­ly imple­ment­ed togeth­er. Detlef Schreiber, CEO of the CEE Group says: “By acquir­ing the Schmölln wind farm, we have again man­aged to expand our port­fo­lio in an extreme­ly chal­leng­ing envi­ron­ment. Work­ing joint­ly with our reli­able part­ners, we also plan to grow out­side our core mar­kets.”

Michael Class, the juwi Group’s CEO, says: Schmölln is the first wind farm that juwi has imple­ment­ed in Bran­den­burg. We are there­fore delight­ed to have hand­ed it over to a long-stand­ing part­ner.” In order to slow cli­mate change with fur­ther wind ener­gy projects in the future, Class calls for ear­ly improve­ments in the cur­rent design of the ten­der­ing sys­tem: “To cor­rect the impend­ing mar­ket dis­tor­tions from 2017, changes are required, includ­ing a spe­cial ten­der­ing sys­tem for wind ener­gy, as is set out, for exam­ple, in the paper on the explorato­ry talks to form a grand coali­tion. This must now be put into effect!” 

50 CEE pow­er plants cov­er the ener­gy needs of some 900,000 peo­ple

In 2017, CEE ener­gy farms will prob­a­bly pro­duce about 970,000 megawatt hours (MWh) of ener­gy from renew­able sources and thus deliv­er green pow­er to some 230,000 four-per­son house­holds. CEE’s CEO Detlef Schreiber remarks: “It is impres­sive to see that our 50 wind and solar farms could the­o­ret­i­cal­ly sup­ply all the inhab­i­tants of the finan­cial metrop­o­lis Frank­furt am Main with renew­able ener­gy.”

CEE’s ener­gy parks are locat­ed in Ger­many, France and the UK. With annu­al rev­enue of about EUR 100 mil­lion, CEE remains one of the largest inde­pen­dent pro­duc­ers of green pow­er in Ger­many. CEE’s 22 wind farms and 28 solar farms each account for about one half of rev­enue in Ger­many and oth­er coun­tries. The biggest project is in Alhorn in Nieder­sach­sen (Low­er Sax­ony). There, solar cells were installed on the for­mer air­field of a now dis­used region­al air­port. Under ide­al con­di­tions, they can gen­er­ate more than 50 MW.

Cor­po­rate enquiries CEE Group:
Jens Schnoor
Invest­ment Direc­tor
Tel: +49 40 688 788–58
E‑Mail: schnoor@cee-group.de

Press enquiries CEE Group:
Alexan­der Sti­er
Pub­lic Rela­tions / Mar­ket­ing
Tel: +49 40 688 788–62
Email: stier@cee-group.de

Press enquiries juwi AG:
Felix Wächter
Press Offi­cer
Tel: +49 6732 965 7124 4
Email: waechter@juwi.de