CEE Group acquires a further wind farm in Germany

The Ham­burg pri­vate equi­ty firm CEE con­tin­ues to expand its wind pow­er port­fo­lio and has acquired a fur­ther Ger­man wind farm in Lüder­s­dorf, Bran­den­burg. The sell­er is the Dan­ish com­pa­ny Euro­pean Ener­gy A/S.

The wind farm con­sists of two tur­bines (type Ves­tas V112). The hub height is 140 m, the rotor diam­e­ter is 112 m, and the wind farm’s over­all capac­i­ty is 6.6 megawatts (MW). The tur­bines, which were com­mis­sioned in May, will deliv­er envi­ron­men­tal­ly friend­ly pow­er for about 5,000 house­holds each year. CEE Oper­a­tions, which man­ages the CEE Group’s pow­er plant port­fo­lio, is respon­si­ble for the com­mer­cial side. The sell­er of the wind farm is the project devel­op­er Euro­pean Ener­gy A/S, Copen­hagen, from which CEE recent­ly acquired a 27.6 megawatt wind farm in CEE in Bran­den­burg.

Detlef Schreiber, the CEE Group’s CEO says: “The acquired tur­bines will ide­al­ly com­ple­ment CEE’s exist­ing port­fo­lio and under­line our strat­e­gy of ongo­ing growth in the core Ger­man mar­ket. For our investors, this means that we will con­tin­ue to gen­er­ate reg­u­lar sta­ble income and attrac­tive returns.” Felic­i­tas Hauk, Invest­ment Direc­tor and respon­si­ble for projects at CEE, empha­sis­es: “We are very pleased with this fol­low-up trans­ac­tion, which we have suc­cess­ful­ly imple­ment­ed with Euro­pean Ener­gy after the Vor­mark project. A fur­ther project is also due to be com­plet­ed short­ly”.

Knud Erik Ander­sen, Man­ag­ing Direc­tor and main share­hold­er of Euro­pean Ener­gy A/S, empha­sis­es: “With the suc­cess­ful imple­men­ta­tion of the fol­low-up project in Lüder­s­dorf, we once again demon­strat­ed our exper­tise in Ger­many as one of our core mar­kets. In addi­tion, the project tes­ti­fies to our exper­tise in repow­er­ing. We are pleased to col­lab­o­rate with expe­ri­enced part­ners such as the CEE Group and also see new oppor­tu­ni­ties to coop­er­a­tion in the future.”

Fol­low­ing the acqui­si­tion of the Lüder­s­dorf wind farm, the CEE Group’s renew­able ener­gies port­fo­lio has grown to some 592 MW. In 2017, CEE’s ener­gy parks will prob­a­bly pro­duce around 930,000 megawatt hours (MWh) of pow­er from renew­able sources.

Project Part­ners
Legal/Tax Due Dili­gence: Tay­lor Wess­ing
Tech­ni­cal Advice: Ever­gy
Finance Part­ner: DKB Deutsche Kred­it­bank AG
Tech­ni­cal Oper­a­tor: Teut / Phase 5
Com­mer­cial Oper­a­tor: CEE Oper­a­tions GmbH

Cor­po­rate enquiries CEE Group:
Felic­i­tas Hauk
Invest­ment Direc­tor
Tel: +49 40 688 788–51
Email: hauk@cee-group.de

Press enquiries CEE Group:
Alexan­der Sti­er
Press / Mar­ket­ing
Tel: +49 40 688 788–62
Email: stier@lampe-equity.de