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CEE Renewable Fund 8

Hybridized renewables.

We have launched the “CEE Renew­able Fund 8″ (CEE RF8 for short) as a closed-end AIF for insti­tu­tion­al investors. With a planned vol­ume of EUR 750 mil­lion, the Arti­cle 9 fund will invest in wind and solar parks as well as stor­age solu­tions in core Europe.
A sig­nif­i­cant pro­por­tion of the fund will come from hybridiza­tion projects, for which we will draw on our large port­fo­lio of exist­ing projects in Ger­many and the asso­ci­at­ed excel­lent rela­tion­ships with munic­i­pal­i­ties and landown­ers. Specif­i­cal­ly, new PV sys­tems and stor­age solu­tions are being added to exist­ing wind farms in par­tic­u­lar. This reduces land con­sump­tion and leads to economies of scale in the use of exist­ing infra­struc­ture. We use our out­stand­ing rep­u­ta­tion to cre­ate attrac­tive invest­ment oppor­tu­ni­ties with supe­ri­or returns.
In addi­tion to Ger­many, the exist­ing focus mar­kets of the CEE region – Spain, Por­tu­gal, the Nether­lands and the Scan­di­na­vian coun­tries – are also in the invest­ment focus of the fund. In total, a port­fo­lio of a max­i­mum of 25 projects is planned for the fund, which are to be acquired in the invest­ment phase last­ing up to 36 months.

Technology

Wind, solar & storage

40 — 60 % Solar
30 — 40 % Wind (Onshore)
5 — 10 % Stor­age

Countries

Core Europe

40 — 70 % Ger­many
15 — 25 % Spain & Por­tu­gal
5 — 15 % The Nether­lands
5 — 15 % The Nordics
< 10 % Oth­er

Indikative Terms and Conditions

Key economic data

Sub-fund CEE RF8
Fund vehi­cles Lux­em­bourg SICAV-RAIF
Term 20 years (plus 2 x 5‑year exten­sion option)
Tar­get vol­ume €750M | Hard-Cap €1MRD
Par­tic­i­pa­tion Acqui­si­tion of fund units
Sub­scrip­tion volum At least €5M
Prod­uct cat­e­go­ry Arti­cle 9 (pur­suant to EU Reg­u­la­tion No. 2019/2088)
Project sta­tus Acqui­si­tion of at least 92.5% from readi­ness for con­struc­tion and up to 7.5% before readi­ness for con­struc­tion
Coun­tries Focus on core mar­kets for renew­able ener­gies in Europe
Project size A max­i­mum of 30% of the cap­i­tal com­mit­ments may be invest­ed in a sin­gle project
Invest­ment phase Planned 1–2 years from final clos­ing (max­i­mum 3 years from final clos­ing)
Tar­get return IRR: 7.0–9.0%* (esti­mate) | Tar­get dis­tri­b­u­tion: > 5.0% p. a. (after invest­ment phase) | 6.0% p. a. Ear­ly sub­scriber advance inter­est until Fin. Clos­ing

For questions and further information:

Sven Kruken­berg
Head of Sales (nation­al)

+49 40 688788–169
krukenberg@cee-group.de

Dis­claimer

This is mar­ket­ing infor­ma­tion pre­pared by CEE Kap­i­talver­wal­tungs­ge­sellschaft mbH (“CEE”) for the invest­ment con­cept or fund (“Fund”) described here­in. The infor­ma­tion con­tained here­in is intend­ed exclu­sive­ly for pro­fes­sion­al and semi-pro­fes­sion­al investors with­in the mean­ing of the KAGB (Ger­man Invest­ment Code).

This infor­ma­tion is pro­vid­ed for gen­er­al infor­ma­tion pur­pos­es only. It does not con­sti­tute invest­ment bro­ker­age or invest­ment advice, legal or tax advice or an offer, rec­om­men­da­tion or solic­i­ta­tion of an offer to buy or sell units of the fund. The sole basis for the pur­chase of units in the fund is the con­clu­sion of a sub­scrip­tion agree­ment and all sales doc­u­ments of the fund spec­i­fied there­in.

CEE makes no rep­re­sen­ta­tion, war­ran­ty or lia­bil­i­ty for the accu­ra­cy, reli­a­bil­i­ty, time­li­ness or com­plete­ness of the infor­ma­tion con­tained here­in.

Infor­ma­tion relat­ing to future returns does not con­sti­tute a promise of return. Past per­for­mance and fore­casts of future per­for­mance are no guar­an­tee of actu­al future per­for­mance. The finan­cial infor­ma­tion con­tained here­in and the opin­ions expressed are cor­rect at the time of pub­li­ca­tion and are sub­ject to change.

The invest­ment is asso­ci­at­ed with risks. The detailed risk infor­ma­tion can be found in the cur­rent sales doc­u­ments. Each poten­tial investor should make their own inde­pen­dent assess­ment of the oppor­tu­ni­ties and risks of invest­ing in the fund and seek their own pro­fes­sion­al advice. In par­tic­u­lar, poten­tial investors should check whether the invest­ment in the fund is legal in their juris­dic­tion and com­plies with the reg­u­la­tions applic­a­ble there. Units in the fund may only be acquired by suit­able investors on the basis of the cur­rent and sole­ly bind­ing sales doc­u­ments. A cur­rent ver­sion of sales doc­u­ments is avail­able free of charge on request from sales@cee-group.de.

Closed-end alter­na­tive invest­ment funds (AIFs) are gen­er­al­ly long-term invest­ments and require a cor­re­spond­ing­ly long-term planned invest­ment peri­od. It may not be pos­si­ble to resell the shares, or only at a con­sid­er­able dis­count. The redemp­tion of units in the fund dur­ing the term of the fund is gen­er­al­ly not pos­si­ble.

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