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CEE Group expands wind power portfolio with four turbines in Neckar-Odenwald district

The Ham­burg-based CEE Group, asset man­ag­er for renew­able ener­gies, is expand­ing its wind pow­er port­fo­lio with four wind tur­bines in the north of Baden-Württemberg. There, the com­pa­ny has pur­chased the new­ly devel­op­ing wind farm Hain­stadt-Buchen from ABO Wind AG. Locat­ed in the Neckar-Oden­wald dis­trict, the wind farm con­sists of four Ves­tas V126 wind tur­bines with a hub height of 149 meters.

The wind farm com­pris­es four wind tur­bines from the man­u­fac­tur­er Ves­tas. The wind tur­bine type V126 has a rat­ed pow­er of 3.45 megawatts (MW). The total capac­i­ty of the four tur­bines is 13.8 MW, and the expect­ed elec­tric­i­ty gen­er­a­tion is 31 mil­lion kWh per year. The sell­er of the tur­bines is ABO Wind AG, based in Wies­baden, Ger­many. Found­ed in 1996, the com­pa­ny has so far imple­ment­ed renew­able ener­gy plants with a capac­i­ty of 4,000 megawatts and has built about half of them. This is the third time that the CEE Group and ABO Wind have suc­cess­ful­ly coop­er­at­ed. The first prepara­to­ry con­struc­tion mea­sures have already been start­ed. Com­mis­sion­ing is sched­uled for Jan­u­ary 2023. Both con­trac­tu­al part­ners have agreed not to dis­close the pur­chase price.

The com­pa­ny ABO Wind has planned the project, will con­struct it and will also take over the tech­ni­cal man­age­ment of the wind farm after com­ple­tion. The Hain­stadt-Buchen site is locat­ed at an alti­tude of 430 to 450 meters above sea lev­el in a wood­ed area. In prepa­ra­tion for the con­struc­tion phase, the nec­es­sary clear­ing has already been com­plet­ed, with ABO Wind tak­ing care to ensure envi­ron­men­tal­ly friend­ly imple­men­ta­tion, draw­ing on the expe­ri­ence gained from around 300 wind tur­bines erect­ed in for­est areas to date. In order to keep the impact on nature as low as pos­si­ble, ABO Wind relies, for exam­ple, on the use of main­ly exist­ing paths instead of build­ing new roads, refor­esta­tion mea­sures and under­ground cabling.

The four new wind tur­bines will pro­duce clean elec­tric­i­ty for about 26,000 peo­ple, sav­ing about 24,000 tons of car­bon diox­ide annu­al­ly in the future. The com­mer­cial law firm Tay­lor Wess­ing and the con­sult­ing firm Ever­gy Engi­neer­ing GmbH act­ed as legal and tech­ni­cal advi­sors respec­tive­ly in this trans­ac­tion.

Advancing sustainable and secure energy supply

“With the Hain­stadt-Buchen wind farm, we are con­sis­tent­ly expand­ing our port­fo­lio of renew­able ener­gy gen­er­a­tion plants. For the sec­ond time with­in a year, we have once again worked togeth­er with ABO Wind AG on this project in a very trust­ing and coop­er­a­tive man­ner, but above all in a solu­tion-ori­ent­ed man­ner. We would like to thank ABO Wind AG for the extreme­ly pro­fes­sion­al and goal-ori­ent­ed coop­er­a­tion and look for­ward to fur­ther joint projects in order to advance the future of a sus­tain­able and secure ener­gy sup­ply on a nation­al and inter­na­tion­al lev­el,” explains Detlef Schreiber, CEO of the CEE Group.

Kristof Frank, Head of Depart­ment Plan­ning South­west Ger­many of ABO Wind AG: “With the wind farm project in Hain­stadt-Buchen we con­tin­ue our suc­cess­ful coop­er­a­tion with the CEE Group as a reli­able, nation­al­ly and inter­na­tion­al­ly suc­cess­ful investor in the field of renew­able ener­gies. We under­stand the con­clu­sion of this trans­ac­tion as a recog­ni­tion of the spe­cial qual­i­ty of the wind farms devel­oped, built and tech­ni­cal­ly man­aged by us and look for­ward to fur­ther trust­ing coop­er­a­tion in terms of a sus­tain­able ener­gy future and part­ner­ship with CEE.”

About CEE Group

CEE Group is a Ham­burg-based asset man­ag­er spe­cial­iz­ing in renew­able ener­gy. With a track record of over 80 trans­ac­tions in the renew­able ener­gy sec­tor and a port­fo­lio of over two bil­lion euros in assets under man­age­ment in Europe, CEE is a com­pe­tent and reli­able part­ner. Since its incep­tion, CEE’s main focus has been on wind and solar ener­gy. The CEE Group has 44 onshore wind tur­bines with an installed capac­i­ty of around 622 MW and 38 pho­to­volta­ic plants with around 718 MWp. The total capac­i­ty thus amounts to around 1,340 MW.

As an inter­na­tion­al­ly oper­at­ing com­pa­ny, the CEE Group offers its cus­tomers sus­tain­able invest­ment con­cepts with long-term return 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 in par­tic­u­lar insti­tu­tion­al investors with a long-term inter­est in renew­able ener­gies.

 

 

About ABO Wind

ABO Wind suc­cess­ful­ly devel­ops and con­structs wind and solar farms. Found­ed in 1996, the Wies­baden-based com­pa­ny has so far imple­ment­ed plants with a capac­i­ty of 4,000 megawatts and has built around half of them. The annu­al invest­ment vol­ume amounts to 500 mil­lion euros. More than 900 employ­ees in 16 coun­tries work with enthu­si­asm on the plan­ning, financ­ing, con­struc­tion, oper­a­tional man­age­ment and ser­vic­ing of plants for a sus­tain­able ener­gy sup­ply.

Fur­ther infor­ma­tion: www.abo-wind.de

 

For questions and further information:

Dr. Ole Jürgens
Senior Invest­ment Man­ag­er
Tel.: +49 40 688788 0
E‑Mail: juergens@cee-group.de

Jens Schnoor
Invest­ment Direc­tor und Head of Lux­em­bourg Branch, Port­fo­lio Man­age­ment, der CEE Kap­i­talver­wal­tungs­ge­sellschaft mbH Nieder­las­sung Lux­em­burg
Phone: +49 40 688788 0
E‑mail: schnoor@cee-group.lu

Press­con­tact:
pub­lic imag­ing Finanz-PR & Ver­triebs GmbH
Karsten Sieg­mund / Sybille Cor­nell
Phone: +40 40 401999 ‑35 / ‑288
E‑mail: karsten.siegmund@publicimaging.de / sybille.cornell@publicimaging.de

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