CEE Group Completes Acquisition of Two Wind Farms From DunoAir

CEE Group, the Ham­burg-based renew­able asset man­ag­er and DunoAir, an expe­ri­enced wind ener­gy project devel­op­ment com­pa­ny based in The Nether­lands, announced today that that CEE has expand­ed its port­fo­lio with the acqui­si­tion of two wind farms in Hesse (Hes­sen) and Rhineland-Palati­nate (Rhein­land-Pfalz) in Ger­many from DunoAir. The acqui­si­tion increas­es the rat­ed capac­i­ty of its wind port­fo­lio to 370 megawatts (MW).

 The wind farm in Kuh­bett, Hesse, con­sists of four Ener­con E‑115 tur­bines and has a total capac­i­ty of 12 MW.  Kap­pel-Faas wind farm in the Rhineland-Palati­nate con­sists of two E‑82 E2 tur­bines (2.3 MW each).  CEE Oper­a­tions GmbH will be respon­si­ble for the com­mer­cial man­age­ment of both assets, while DunoAir Wind­park Man­age­ment B.V. will over­see the tech­ni­cal oper­a­tions of the wind farms which in 2018 pro­duced approx­i­mate­ly 35 mil­lion kWh of clean elec­tric­i­ty.

“We are delight­ed to have suc­cess­ful­ly com­plet­ed the acqui­si­tion of Kuh­bett and Kap­pel-Faas wind farms which is in line with CEE’s strate­gic objec­tive of con­cen­trat­ing on our core busi­ness in Ger­many and France.” said Detlef Schreiber, CEO of CEE Group. “Look­ing ahead, we will con­tin­ue to work with part­ners as we imple­ment our growth strat­e­gy which includes expand­ing into new con­ti­nen­tal Euro­pean mar­kets” he added.

Arjen C.F. Ploeg, CEO of DunoAir, com­ment­ed: “We are pleased with the sale of Kuh­bett and Kap­pel-Faas wind farms to CEE Group which rep­re­sents our first trans­ac­tion togeth­er. We look for­ward to work­ing togeth­er going for­ward as we con­tin­ue to pro­vide tech­ni­cal oper­a­tion ser­vices to these wind farms.”

 The renew­able pow­er pro­duc­tion of the two wind farms means that more than 26,000 tons of CO₂ emis­sions can be saved annu­al­ly. In total, CEE’s renew­able assets will gen­er­ate approx­i­mate­ly 1 mil­lion megawatt hours (MWh) in 2019 pro­vid­ing some 250,000 four per­son house­holds with pow­er from renew­able sources.

CEE Group

CEE Group, which is head­quar­tered in Ham­burg, is a pri­vate equi­ty group that spe­cialis­es in invest­ing in phys­i­cal assets and man­ages assets of about EUR 1.4 bil­lion. CEE invests in ener­gy gen­er­a­tion projects in the wind and solar sec­tors. CEE Group’s investors are insti­tu­tion­al investors with a long-term inter­est in the mar­ket for invest­ments in renew­ables and phys­i­cal assets. CEE Group was acquired by Brook­field Asset Man­age­ment in 2017.

DunoAir

Found­ed in 2004, DunoAir has become an expe­ri­enced and estab­lished play­er in the wind ener­gy sec­tor. By cre­at­ing its own plan­ning depart­ment in 2009, it final­ly devel­oped into a suc­cess­ful full-ser­vice busi­ness. With its small, but high­ly effec­tive, team, DunoAir has expand­ed its invest­ment port­fo­lio to near­ly 90 wind tur­bines with a total capac­i­ty of 220 MW. Dur­ing this peri­od, about EUR 500 mil­lion has been invest­ed in the projects. A fur­ther 250 MW of capac­i­ty is are cur­rent­ly in the pipeline of Ener­con pre­mier cus­tomer.