CEE Group acquires juwi’s milestone 14,4 MW wind farm Mohlis

Com­pa­nies sign pur­chase con­tract for four Ves­tas V136‑3.6 tur­bines on HusumWind 2019 / juwi Oper­a­tions & Main­te­nance GmbH takes over tech­ni­cal oper­a­tions man­age­ment

Spe­cial­ist renew­able ener­gy asset man­age­ment com­pa­ny CEE Group is expand­ing its onshore wind port­fo­lio with the acqui­si­tion of the Mohlis Wind Farm (Thuringia). The Ham­burg-based com­pa­ny now has an onshore wind ener­gy port­fo­lio with installed capac­i­ty of 405 megawatts (MW) and a solar pho­to­volta­ic port­fo­lio with a total capac­i­ty of 315 MW. Elec­tric­i­ty pro­duc­tion of CEE’s ener­gy assets in 2018 was approx­i­mate­ly 1.1 bil­lion kilo­watt hours (kWh).

For juwi, the Mohlis wind farm is a mile­stone project in the more than 20-year his­to­ry of the com­pa­ny as the first of the four plants is the 1,000th tur­bine planned and built by juwi. juwi is one of the first Ger­man project devel­op­ers to reach this bench­mark. “We are delight­ed that this spe­cial wind farm also has a spe­cial oper­a­tor, with whom we have been work­ing togeth­er for many years in a trust­ing and suc­cess­ful way,” com­ments juwi CEO Michael Class on today’s con­tract sign­ing at the HusumWind fair.

“We are delight­ed with the acqui­si­tion of Mohlis, the juwi anniver­sary wind farm. This trans­ac­tion demon­strates the very col­lab­o­ra­tive and suc­cess­ful part­ner­ship between our two com­pa­nies in both the wind and pho­to­volta­ic sec­tors. Our goal is to con­tin­ue to work togeth­er and to pur­sue fur­ther projects as part­ners, “said Detlef Schreiber, CEO of CEE Group. Jens Schnoor, Invest­ment Direc­tor of CEE adds: “The con­tract nego­ti­a­tions with our part­ners at juwi were again goal-ori­ent­ed and char­ac­ter­ized by great mutu­al trust in the Mohlis project, our sev­enth joint project.”

The pur­chase price was not dis­closed. Debt financ­ing was pro­vid­ed by a long­stand­ing part­ner of the juwi Group: Berlin­er Volks­bank e.G. with whom CEE has worked with on a num­ber of trans­ac­tions.

The Mohlis wind farm, locat­ed about 20 kilo­me­ters north­east of the city of Gera in Thuringia, con­sists of four Ves­tas V136 tur­bines, each with an installed capac­i­ty of 3.6MW. The hub height is 149 meters, the rotor diam­e­ter 136 meters. Each year, the plants gen­er­ate togeth­er around 50 mil­lion kilo­watt hours of cli­mate-friend­ly elec­tric­i­ty. This cor­re­sponds to the annu­al con­sump­tion of more than 16,000 house­holds. Com­pared with pow­er gen­er­a­tion from fos­sil fuels, the wind farm saves 37,600 tonnes of CO2. The tech­ni­cal oper­a­tion of the plants is pro­vid­ed by Juwi Oper­a­tions & Main­te­nance GmbH.

The wind farm is not only an anniver­sary wind park for the Rhineland-Palati­nate based project devel­op­er, it is also one of the first 2018 projects, which juwi suc­cess­ful­ly brought through the ten­der process of the Ger­man Fed­er­al Net Agency. With 44 wind ener­gy plants and a capac­i­ty of approx­i­mate­ly 130 megawatts, juwi was one of the most suc­cess­ful par­tic­i­pants in the wind and solar ener­gy ten­ders of the past year. Of the 15 juwi sur­charges for wind ener­gy projects, 14 were above the aver­age allowance lev­el.

About the CEE Group:
The asset man­ag­er CEE Group, which spe­cialis­es in invest­ments in renew­able ener­gies, is expand­ing its onshore wind ener­gy port­fo­lio with the acqui­si­tion of the wind farm Schwal­bach in Saar­land. The Ham­burg-based CEE Group now has onshore wind tur­bines with a total installed capac­i­ty of around 418.5 MW and pho­to­volta­ic plants with a capac­i­ty of around 315 MWp; total elec­tric­i­ty pro­duc­tion in 2018 was around 1.1 bil­lion kilo­watt hours.

With assets under man­age­ment of around EUR 1.4 bil­lion, the CEE Group invests in ener­gy gen­er­a­tion projects in the wind and solar sec­tors. The investors of the CEE Group are insti­tu­tion­al investors with a long-term inter­est in invest­ments in renew­able ener­gies. The CEE Group was acquired by Brook­field Asset Man­age­ment in 2017.

Con­tact CEE Group:
Jens Schnoor
Invest­ment Direc­tor
Phone: +49 (0)40 688 788–58
E‑mail: schnoor@cee-group.de
www.cee-group.de

About the juwi group
The juwi group is one of the world’s lead­ing com­pa­nies in the field of renew­able ener­gy. Com­pa­ny activ­i­ties are main­ly projects with solar and wind as well Oper­a­tions and Main­te­nance Ser­vices. The juwi group was estab­lished in 1996 in Rhineland-Palati­nate/Ger­many. Since the end of 2014, Mannheim based util­i­ty MVV Energie AG has been part­ner and share­hold­er of the juwi Group. juwi has about 850 employ­ees world­wide, branch­es on all con­ti­nents and is active­ly engaged in var­i­ous projects all over the globe. Work­ing togeth­er with pas­sion to imple­ment renew­able ener­gy eco­nom­i­cal­ly and reli­ably is what dri­ves us.

So far, juwi has real­ized more than 1,000 wind tur­bines with a total capac­i­ty of more than 2,300 megawatts at more than 175 sites glob­al­ly. In the solar seg­ment, more than 1,700 projects with a total capac­i­ty of around 2,500 megawatts have been designed and con­struct­ed. Com­bined, these ener­gy sys­tems pro­duce around 8.0 bil­lion kilo­watt hours of clean ener­gy per year, equal­ing the annu­al demand of more than 2.6 mil­lion Ger­man house­holds. With­in the past 20 years, juwi has ini­ti­at­ed an invest­ment vol­ume of around 8.8 bil­lion euros to real­ize these projects.

Con­tact juwi Group
juwi Group
Felix Wächter
Press Offi­cer
Tel. +49. (0) 6732. 96 57–1244
Mobil +49. (0) 1520. 93 31 878
waechter@juwi.de
www.juwi.de