First transaction for CEE Renewable Fund 8: CEE Group acquires an 80.9 MWp solar park in Brandenburg

• Solar Park in Stü­denitz-Schön­er­mark goes into oper­a­tion by the end of 2024
• Secured elec­tric­i­ty pur­chase: EEG remu­ner­a­tion for 81 per­cent of the ener­gy pro­duced secured for a term of 20 years
• 55 per­cent of the project will become part of the port­fo­lio of the new­ly launched CEE Renew­able Fund 8

The CEE Group, a Ham­burg-based asset man­ag­er spe­cial­iz­ing in renew­able ener­gies, has acquired a pho­to­volta­ic (PV) project in Bran­den­burg from project devel­op­er Chint Solar. The solar park is being built in the munic­i­pal­i­ty of Stü­denitz Schön­er­mark (Ost­prig­nitz-Rup­pin dis­trict), 85 kilo­me­ters north­west of Berlin. A PV project with around 130,000 solar mod­ules and a total nom­i­nal out­put of 80.9 MWp is being built here on a total area of 77 hectares. Con­struc­tion is sched­uled to begin in Jan­u­ary 2024, with full com­mis­sion­ing expect­ed at the end of the year. A guar­an­teed EEG remu­ner­a­tion with a term of 20 years has already been secured for 81 per­cent of the elec­tric­i­ty pro­duced from then on.

With the new­ly acquired project, the CEE Group is not only expand­ing its port­fo­lio in this region but is also com­plet­ing the first trans­ac­tion for the CEE Renew­able Fund 8 (CEE RF8 for short), which was only launched at the end of 2023. The closed-end alter­na­tive invest­ment fund (AIF) was launched exclu­sive­ly for insti­tu­tion­al investors. The fund will hold a 55 per­cent stake in the solar park, while the com­pa­ny man­ages a fur­ther 45 per­cent as an indi­vid­ual man­date for an insti­tu­tion­al investor.

Cor­ner­stone for the port­fo­lio of the new CEE Renew­able Fund 8
“The solar park in Schön­er­mark is a high­ly attrac­tive project for us with its total capac­i­ty and guar­an­teed long-term EEG remu­ner­a­tion and forms a very good foun­da­tion for the RF8 fund port­fo­lio, which we will build on in the com­ing weeks and months,” explains Detlef Schreiber, CEO of the CEE Group.Oliver Schweininger, CEO of Chint Solar Europe and board mem­ber of the Ger­man Solar Indus­try Asso­ci­a­tion, com­ments: “PVA Schön­er­mark Süd is the first project in the imple­men­ta­tion phase of Chint Solar’s project pipeline in Ger­many. We are proud to be able to make an impor­tant con­tri­bu­tion to the ener­gy tran­si­tion with this solar park in part­ner­ship with the CEE Group.”

Tay­lor Wess­ing, Ever­gy and Bak­er Tilly were involved in this trans­ac­tion as advi­sors. The CEE Group cur­rent­ly has 46 onshore wind farms with an installed capac­i­ty of 655 MW and 49 pho­to­volta­ic projects with 1,006 MWp in Europe. With its funds, the com­pa­ny cre­ates oppor­tu­ni­ties for insti­tu­tion­al investors to invest in the ener­gy tran­si­tion and active­ly dri­ve it for­ward.