CEE acquires 13 megawatt solar PV park in Saxony-Anhalt

Port­fo­lio in Ger­many grows to an over­all capac­i­ty of about 443 megawatts

Ham­burg, 23 Decem­ber 2015 – The Ham­burg pri­vate equi­ty com­pa­ny CEE, which has spe­cialised in renew­able ener­gy invest­ments for more than 15 years, is acquir­ing the Sten­dal solar PV park in the city of the same name in Sax­ony-Anhalt (Sach­sen-Anhalt). The sell­er is IBC SOLAR AG, which has devel­oped and con­struct­ed the park and will remain respon­si­ble for tech­ni­cal oper­a­tions. CEE Oper­a­tions, a whol­ly owned sub­sidiary of CEE, will be respon­si­ble for the com­mer­cial side. With its team of experts, it is respon­si­ble for the com­mer­cial oper­a­tions of almost the entire ener­gy pro­duc­tion port­fo­lio of the CEE Group.

The Sten­dal solar park has a total capac­i­ty of 13.5 megawatts (MW) and has been con­nect­ed to the grid since Sep­tem­ber 2012. Sten­dal gen­er­ates about 13,300 megawatt hours of renew­able elec­tric­i­ty each year, which is fed into Ava­con AG’s grid. Around 57,800 IBC PolySol and Sol­tec­ture mod­ules pro­vide the basis. The invert­ers were sup­plied by SMA Tech­nol­o­gy.

“In acquir­ing the solar farm in Sten­dal we worked with IBC SOLAR AG from Bad Staffel­stein for the first time. IBC SOLAR is an impor­tant and high­ly pro­fes­sion­al play­er in the Ger­man and inter­na­tion­al solar sec­tors and we are very inter­est­ed in suc­cess­ful­ly imple­ment­ing fur­ther projects with it in the future,” says Jens Schoor, CEE’s Invest­ment Direc­tor.

“In many respects, the Sten­dal solar park is a mod­el project for decen­tralised ener­gy pro­duc­tion. In the con­struc­tion stage, we already took a large num­ber of mea­sures to ensure that the park is inte­grat­ed eco­log­i­cal­ly into the region,” says Olaf Baumer, man­ag­ing direc­tor of IBC SOLAR Invest GmbH.
Fol­low­ing the acqui­si­tion of the Sten­dal solar PV park, CEE’s PV port­fo­lio has grown to a total capac­i­ty of about 273 MW. “The solar PV mar­ket in Ger­many presents buy­ers with huge chal­lenges. There is com­par­a­tive­ly lit­tle new con­struc­tion, and the demand for attrac­tive invest­ments is strong,” explains Detlef Schreiber, CEE’s CEO. “To earn attrac­tive returns, CEE is focus­ing on invest­ments with an ade­quate size as well as per­for­mance. How­ev­er, in addi­tion to acquir­ing exist­ing parks, we are also able to invest in ear­li­er stages and pos­si­bly accept a cal­cu­lat­ed high­er risk thanks to the exper­tise we have gained over many years.”

CEE is man­aged by Lampe Equi­ty Man­age­ment, an invest­ment com­pa­ny which is part of Bankhaus Lampe. With a 443 MW ener­gy pro­duc­tion port­fo­lio, CEE is one of the largest inde­pen­dent pro­duc­ers of green elec­tric­i­ty in Ger­many. The port­fo­lio con­sists main­ly of solar PV and wind farms and the geo­graph­i­cal focus is on Ger­many. CEE is also active in France and the UK.

Media con­tact
Lampe Equi­ty Man­age­ment GmbH
Alexan­der Sti­er
phone: +49 (0)40 688 788 62
e‑mail: stier@lampe-equity.de