Energiekontor sells Waldfeucht wind farm

Bre­men, 1^st Octo­ber 2019. Energiekon­tor AG has sold the Wald­feucht wind farm to the Ham­burg-based CEE Group. The Wald­feucht wind farm is locat­ed in North Rhine-West­phalia west of Heins­berg not far from the bor­der with the Nether­lands. There, three Nordex wind tur­bines with a hub height of 125 m and a capac­i­ty of 4.5 MW each will gen­er­ate an expect­ed annu­al yield of around 35 mil­lion kilo­watt hours. This amount of elec­tric­i­ty is math­e­mat­i­cal­ly suf­fi­cient to cov­er the needs of more than 8,500 house­holds.

Peter Szabo, CEO of Energiekon­tor AG, is sat­is­fied: “The sales process of the Wald­feucht wind farm went accord­ing to plan and rep­re­sents an impor­tant con­tri­bu­tion to the 2019 annu­al result. With the CEE Group we have found an investor who shares our pas­sion for renew­able ener­gies and with whom we can very well imag­ine a trust­ing coop­er­a­tion also for future projects.”

“We are delight­ed with the acqui­si­tion of Wald­feucht wind farm, our first joint project with Energiekon­tor. We believe that this trans­ac­tion pro­vides a strong foun­da­tion for a long-last­ing coop­er­a­tive and suc­cess­ful rela­tion­ship”, said Detlef Schreiber, CEO of CEE Group. Jens Schnoor, Invest­ment Direc­tor of CEE, added: “The devel­op­ment of Wald­feucht wind farm and the nego­ti­a­tions with our part­ners at Energiekon­tor have been char­ac­ter­ized by mutu­al trust and loy­al­ty through­out the process.”

The pur­chase price was not dis­closed. Debt financ­ing was pro­vid­ed by DKB Deutsche Kred­it­bank AG, with whom Energiekon­tor and CEE have worked with on a num­ber of trans­ac­tions.

About Energiekon­tor AG:
A sol­id busi­ness pol­i­cy and a lot of expe­ri­ence in wind pow­er: Energiekon­tor has stood for this for almost 30 years. Found­ed in 1990 in Bre­mer­haven, the com­pa­ny is one of the pio­neers in the indus­try and is today one of the lead­ing Ger­man project devel­op­ers. The core busi­ness ranges from plan­ning and con­struc­tion to the man­age­ment of wind farms in Ger­many and abroad and was expand­ed in 2010 to include solar ener­gy. In addi­tion, Energiekon­tor oper­ates wind and solar parks with a rat­ed out­put of almost 287 megawatts in its own port­fo­lio. Energiekon­tor AG also wants to take on a pio­neer­ing role in eco­nom­ic terms and imple­ment the first wind and solar parks at mar­ket prices in all tar­get mar­kets as quick­ly as pos­si­ble, inde­pen­dent of gov­ern­ment sub­si­dies.

In addi­tion to its head­quar­ters in Bre­men, Energiekon­tor has offices in Bre­mer­haven, Hagen im Bremis­chen, Aachen, Bernau near Berlin and Pots­dam. It also has offices in Eng­land (Leeds), Scot­land (Edin­burgh, Glas­gow), Por­tu­gal (Lis­bon), USA (Austin/Texas and Rapid City/South Dako­ta) and France (Toulouse, Rouen).

The proud bal­ance since the com­pa­ny was found­ed: 122 wind parks and sev­en solar parks with a total out­put of almost 1 gigawatt. This cor­re­sponds to an invest­ment vol­ume of more than EUR 1.6 bil­lion.

The com­pa­ny went pub­lic on 25^th May 2000. The shares of Energiekon­tor AG (WKN 531350 / ISIN DE0005313506) are list­ed in the Gen­er­al Stan­dard of Deutsche Börse in Frank­furt and can be trad­ed on all Ger­man stock exchanges.

Con­tact Energiekon­tor:
Investor Rela­tions / Press
Peter Alex
Tel.: +49 421 3304–126
E‑Mail: Peter.Alex@energiekontor.de
www.energiekontor.de

About the CEE Group:
The asset man­ag­er CEE Group, which spe­cialis­es in invest­ments in renew­able ener­gies, is expand­ing its onshore wind ener­gy port­fo­lio with the acqui­si­tion of the wind farm Wald­feucht (North Rhine-West­phalia). The Ham­burg-based CEE Group now has onshore wind tur­bines with a total installed capac­i­ty of around 418.5 MW and pho­to­volta­ic plants with a capac­i­ty of around 315 MWp; total elec­tric­i­ty pro­duc­tion in 2018 was around 1.1 bil­lion kilo­watt hours.

With assets under man­age­ment of around EUR 1.4 bil­lion, the CEE Group invests in ener­gy gen­er­a­tion projects in the wind and solar sec­tors. The investors of the CEE Group are insti­tu­tion­al investors with a long-term inter­est in invest­ments in renew­able ener­gies. The CEE Group was acquired by Brook­field Asset Man­age­ment in 2017.

Con­tact CEE Group:
Jens Schnoor, Invest­ment Direc­tor
Phone: +49 (0)40 688 788–0
E‑mail: schnoor@cee-group.de
www.cee-group.de