Energiekontor sells solar park in Brandenburg with a total nominal output of around 19 MWp to CEE Group
Bremen/Hamburg, 16 January 2023 – SDAX-listed Energiekontor AG (ISIN DE0005313506), one of Germany’s leading project developers and operators of wind and solar parks, successfully sold a solar park with a total nominal output of around 19 MWp to the CEE Group, asset manager for renewable energies based in Hamburg, at the end of the year. The solar park is located in the municipality of Karstädt in the district of Prignitz in Brandenburg and will generate around 20 GWh of green electricity annually from its first full year of operation. This is roughly equivalent to the average annual electricity demand of around 6,000 German households. For about a quarter of the solar park, EEG compensation is guaranteed for a period of 20 years. For about three quarters of the park, a long-term private power purchase agreement (PPA) with a term of 15 years was concluded. Construction of the solar park has already begun and commissioning is planned for the beginning of 2023.
“With the sale of the solar park, we are laying another foundation stone today for our future growth in the 2023 financial year,” Peter Szabo, CEO of Energiekontor AG, commented on the transaction. “It is also a fine demonstration of the successful further diversification of our company into the wind and solar business segments. The solar segment now accounts for around a quarter of our well-filled and high-quality project pipeline,” Szabo continues.
“The purchase of the solar park marks the third successfully concluded transaction with Energiekontor, which we value highly as a reliable and fair project partner,” explains Detlef Schreiber, CEO of CEE Group. “With the solar park, we are expanding our strategic commitment in the field of renewable energies with another highly attractive project and at the same time contributing to the expansion of renewable energies in Germany,” Schreiber continues.
The new solar park being built in Karstädt will be equipped with solar modules from the manufacturer Trina. The inverters are from the manufacturer Huawei.
Taylor Wessing, Krug & Schram, Pexapark and Baker Tilly were also involved as advisors in this transaction.
About the CEE Group
CEE Group is a Hamburg-based asset manager specializing in renewable energy. With a track record of over 90 transactions in the renewable energy sector and a portfolio of ca. 2.3 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 45 onshore wind turbines with an installed capacity of around 636 MW and 47 photovoltaic plants with around 891 MWp. The total capacity thus amounts to more than 1.5 GW.
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 longterm interest in renewable energies.
About Energiekontor AG:
A solid business policy and a lot of experience in renewable energies: This is what Energiekontor has stood for more than 30 years. Founded in Bremerhaven in 1990, the Company is one of the pioneers in the industry and is now one of Germany’s leading project developers. Its core business ranges from the planning and construction to the operational management of wind and solar parks in Germany and abroad. In addition, Energiekontor operates wind and solar parks with a nominal output of around 370 megawatts in its own portfolio. Energiekontor AG also aims to play a pioneering role in economic terms and to realise the first wind and solar parks in all target markets at market prices as quickly as possible, independently of state subsidies.
In addition to its headquarters in Bremen, Energiekontor has offices in Bremerhaven, Hagen im Bremischen, Aachen, Augsburg, Bernau bei Berlin, Potsdam, Berlin-Spandau and Hildesheim. The company also has offices in England (Leeds), Scotland (Edinburgh, Glasgow), Portugal (Lisbon), USA (Houston/Texas and Rapid City/South Dakota) and France (Toulouse, Rouen).
The proud track record since the Company was founded: 138 realised wind farms and 14 solar farms with a total output of well over 1.2 gigawatts. This corresponds to an investment volume of approx. 1.8 billion euros.
Energiekontor AG (ISIN DE0005313506) is listed on the SDAX of the German Stock Exchange in Frankfurt and can be traded on all German stock exchanges.