Scroll Top

CEE Group Enters the Dutch Market

CEE Group, the Ham­burg based asset man­ag­er, has expand­ed its port­fo­lio with the acqui­si­tion of Emmen PV solar park in The Nether­lands. This acqui­si­tion is CEE’s first direct invest­ment in the Dutch mar­ket and increas­es the total rat­ed out­put of its renew­able port­fo­lio to 680 megawatts (MW).

 Emmen PV solar park is locat­ed on the Dutch-Ger­man bor­der, approx­i­mate­ly 180 kilo­me­tres north­east of Ams­ter­dam, and con­sists of high-per­for­mance, tier-one tech­nol­o­gy. The solar park has a total gen­er­a­tion capac­i­ty of 30.7 MWp and will pro­duce an expect­ed 29 mil­lion kilo­watt hours (KWh) of renew­able elec­tric­i­ty annu­al­ly.

CEE Oper­a­tions GmbH will be respon­si­ble for the com­mer­cial man­age­ment while Bay­Wa Oper­a­tion Ser­vices GmbH will over­see tech­ni­cal oper­a­tions of the solar park, which has been ful­ly con­nect­ed to the pow­er grid since the end of 2018.

“We are pleased to have com­plet­ed the acqui­si­tion of Emmen PV, our first invest­ment in the attrac­tive Dutch mar­ket. This acqui­si­tion demon­strates the imple­men­ta­tion of our growth strat­e­gy of expand­ing into new con­ti­nen­tal Euro­pean mar­kets.” said Detlef Schreiber, CEO of CEE Group.

Jens Schnoor, Invest­ment Direc­tor of CEE, com­ment­ed: “The strong rela­tion­ship and long-stand­ing coop­er­a­tion with Bay­Wa r.e. enabled us to real­ize this project suc­cess­ful­ly and we look for­ward to are work­ing togeth­er on addi­tion­al projects in Europe in the future.”

Dr. Benedikt Ort­mann, who is respon­si­ble for the solar project busi­ness at Bay­Wa r.e., added: “We are delight­ed to con­tin­ue our long-stand­ing suc­cess­ful part­ner­ship with CEE by sell­ing this impor­tant project. With a view to our well-filled Dutch solar project pipeline, we are con­fi­dent that we will con­tin­ue to imple­ment fur­ther projects togeth­er in the future”.

 The renew­able pow­er pro­duc­tion of the solar park means that CO2 emis­sions can be reduced by more than 17,000 tons annu­al­ly. In total, CEE’s renew­able assets will gen­er­ate approx­i­mate­ly 1 mil­lion megawatt hours (MWh) in 2019 pro­vid­ing some 275,000 four-per­son house­holds with pow­er from renew­able sources.

Com­pa­ny pro­files: 

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.

Bay­Wa r.e.

Across solar and wind, at Bay­Wa r.e we r.e.think ener­gy — how it is pro­duced, stored and used the best. We are a lead­ing glob­al devel­op­er, ser­vice sup­pli­er, whole­saler and provider in ener­gy solutions.We deliv­er renew­able ener­gy solu­tions world­wide; have brought 2.5 GW of ener­gy online—while man­ag­ing 5.5 GW of assets in oper­a­tion. Bay­Wa r.e is a lead­ing sup­pli­er to the solar whole­sale mar­ket. We also have a rapid­ly grow­ing ener­gy trad­ing busi­ness. As an inte­gral part of the €16 bil­lion Bay­Wa Group, we work hard every day to find new solu­tions, push tech­no­log­i­cal bound­aries and active­ly shape the future of ener­gy.

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

 

Bay­Wa r.e. renew­able ener­gy GmbH
Felix Gmelin
Cor­po­rate Com­mu­ni­ca­tions
+49 89–383932-5817
felix.gmelin@baywa-re.com
www.baywa-re.com/en/
Privacy Preferences
When you visit our website, it may store information through your browser from specific services, usually in form of cookies. Here you can change your privacy preferences. Please note that blocking some types of cookies may impact your experience on our website and the services we offer.
GDPR Cookie Consent with Real Cookie Banner