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CEE Group acquires new 50 MWp photovoltaic project in Spain from project developer Diverxia

Ham­burg-based CEE Group, asset man­ag­er for renew­able ener­gies, announces the acqui­si­tion of the Antil­ia Solar PV project in the Castil­la-La Man­cha region of Spain. The new­ly con­struct­ed solar park is the first pho­to­volta­ic park to be com­mis­sioned in Spain in the port­fo­lio of the CEE Group and has a capac­i­ty of around 49.99 megawatt peak (MWp). The sell­er is the Span­ish project devel­op­er Diverx­ia Infra­struc­ture.

The CEE Group is expand­ing its inter­na­tion­al port­fo­lio in the field of pho­to­voltaics. The Ham­burg-based renew­able ener­gy asset man­ag­er has acquired a ground-mount­ed solar park in the Span­ish region of Castil­la-La Man­cha from the Span­ish project devel­op­er Diverx­ia Infra­struc­ture. The project locat­ed close to the city of Puer­tol­lano in the province of Ciu­dad Real was com­plet­ed in June 2023 and is CEE Group’s first pho­to­volta­ic park to be brought on stream in Spain. Con­sist­ing of 91,920 solar mod­ules installed on a foot­print of 83 hectares, it has a capac­i­ty of around 49.99 MWp. This cor­re­sponds to the ener­gy needs of around 25,000 house­holds.

The sign­ing of the pur­chase agree­ment with Diverx­ia took place at the end of Sep­tem­ber 2022, fol­lowed by the clos­ing on June 22, 2023. Both par­ties have agreed not to dis­close the pur­chase price. The new­ly acquired project will be part of the port­fo­lio of the spe­cial AIF (SICAV-RAIF) Renew­able Fund 7 (CEE RF7) launched by the CEE Group.

Pao­la Cásseres, Man­ag­ing Direc­tor of Diverx­ia Infra­struc­ture, explains: “The expan­sion of renew­able ener­gies in Europe is a top pri­or­i­ty. We are using our almost 20 years of expe­ri­ence in the imple­men­ta­tion of solar park projects to make an impor­tant con­tri­bu­tion to achiev­ing inter­na­tion­al cli­mate goals. We thank CEE Group for the trust­ful and focused coop­er­a­tion in this first joint trans­ac­tion and look for­ward to future projects.”

“The con­struc­tion phase was char­ac­terised by high­ly qual­i­fied and impec­ca­ble project man­age­ment by Diverx­ia, which also led to a fair nego­ti­a­tion result in the trans­ac­tion phase through appre­cia­tive coop­er­a­tion, for which we would like to express our sin­cere appre­ci­a­tion,” explains Fran­jo Sal­ic, Head of Inter­na­tion­al Invest­ments of the CEE Group.

“In addi­tion to expand­ing our port­fo­lio of wind farms and pho­to­volta­ic plants in Ger­many, we are also con­stant­ly adding suit­able plants at inter­na­tion­al loca­tions that match our pur­chas­ing pro­file. Spain is an impor­tant tar­get mar­ket due to its opti­mal loca­tion con­di­tions for pho­to­voltaics. The project devel­op­er Diverx­ia has con­vinced us with its excel­lent track record and high­ly pro­fes­sion­al coop­er­a­tion. We look for­ward to fur­ther projects in the future,” says Detlef Schreiber, CEO of the CEE Group.

About diverxia infrastructure

With almost 20 years of expe­ri­ence in the renew­able ener­gy sec­tor, Diverx­ia Infra­struc­ture works to devel­op, exe­cute and oper­ate large-scale renew­able ener­gy projects around the world. Head­quar­tered in Spain and with sub­sidiaries in the UK, the US, Puer­to Rico, Mex­i­co, Colom­bia, Brazil and Roma­nia, Diverx­ia com­bines expe­ri­ence, com­mit­ment and sus­tain­able growth to add great val­ue to the projects in which it par­tic­i­pates.

Fur­ther infor­ma­tion:

About CEE Group:

The CEE Group is a Ham­burg-based asset man­ag­er spe­cial­ized in renew­able ener­gies. With a track record of over 90 trans­ac­tions in the renew­able ener­gy sec­tor and a port­fo­lio of around €2.3 bil­lion in assets under man­age­ment, CEE is a com­pe­tent and reli­able part­ner. The main focus of the CEE Group is on wind and solar ener­gy. The CEE Group has 45 onshore wind pow­er plants with an installed capac­i­ty of around 640 MW and 49 pho­to­volta­ic plants with around 1,002 MW. The total capac­i­ty thus amounts to around 1,642 MW. (Sta­tus: 31.03.2023)

As an inter­na­tion­al­ly oper­at­ing com­pa­ny, the CEE Group offers its cus­tomers sus­tain­able invest­ment con­cepts with long-term yield oppor­tu­ni­ties in the growth mar­ket for renew­able ener­gies. With its inde­pen­dent­ly oper­at­ing com­pa­nies, the com­pa­ny has a com­pre­hen­sive range of ser­vices for projects in this seg­ment. Investors are main­ly insti­tu­tion­al investors with a long-term inter­est in renew­able ener­gies.

For questions and further information:

Con­tact CEE Group:
Jakob Koll
Head of Mar­ket­ing & Com­mu­ni­ca­tion, CEE Group
Phone: +49 171 546 457 6

Con­tact Presse CEE Group:
pub­lic imag­ing GmbH
Jörg Brans
Phone: +40 40 401999–31

pub­lic imag­ing GmbH
Sybille Cor­nell
Phone: +40 40 401999–288



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