PNE Group sells wind farm in Brandenburg to CEE Group

• 4 wind pow­er tur­bines with 16.8 MW nom­i­nal capac­i­ty
• PNE Group will in future act as a ser­vice provider in plant man­age­ment for the CEE Group

Cux­haven and Ham­burg, Novem­ber, 27, 2019 – WKN GmbH, which is a sub­sidiary of the PNE Group, sold the “Wöl­sick­endorf” wind farm (Bran­den­burg), which has a total nom­i­nal capac­i­ty of 16.8 MW, to CEE Group in Ham­burg.

The wind farm com­pris­es four mod­ern Ves­tas V150 tur­bines with a capac­i­ty of 4.2 MW each. The wind farm will be erect­ed by WKN GmbH and hand­ed over on a turnkey basis. The con­struc­tion stage began in April and is expect­ed to be com­plet­ed by the end of the year. After com­mis­sion­ing, the PNE Group will be respon­si­ble for the tech­ni­cal man­age­ment of the wind farm.

The “Wöl­sick­endorf” wind farm is CEE Group’s fourth wind farm acqui­si­tion from PNE. The acqui­si­tion increas­es CEE Group’s total wind port­fo­lio to 435 MW. CEE is active across Ger­many, France, Scan­di­navia, Benelux coun­tries and Iberia.

Markus Less­er, CEO of PNE AG: “The real­i­sa­tion of the wind farm and the sale to CEE as a renowned oper­a­tor are very pleas­ing. In an envi­ron­ment that is cur­rent­ly not easy for wind ener­gy, all those involved in the project have done a fan­tas­tic job.”

Detlef Schreiber, CEO of the CEE Group, com­ment­ed: “With the acqui­si­tion of the Wöl­sick­endorf wind farm, we were once again able to suc­cess­ful­ly work in part­ner­ship with a lead­ing devel­op­er. We have a long-stand­ing, col­lab­o­ra­tive rela­tion­ship with the PNE Group.”

About 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 Wöl­sick­endorf in Bran­den­burg. The Ham­burg-based CEE Group now has onshore wind tur­bines with a total installed capac­i­ty of around 435 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.

About PNE Group:
The inter­na­tion­al­ly oper­at­ing PNE Group with its brands PNE and WKN is one of the most expe­ri­enced project devel­op­ers of onshore and off­shore wind farms. Based on this suc­cess, the Group has devel­oped to become a “clean ener­gy solu­tions provider”. From ini­tial site explo­ration and imple­men­ta­tion of approval pro­ce­dures via financ­ing and turnkey con­struc­tion to oper­a­tion and repow­er­ing, the Company’s ser­vices encom­pass all the phas­es of devel­op­ing and oper­at­ing wind farms. In addi­tion to wind ener­gy the Company’s range of offers includes pho­to­voltaics, elec­tric­i­ty stor­age, ser­vices and the sup­ply of clean elec­tric­i­ty. In this con­text, PNE is also involved in the devel­op­ment of pow­er-to-gas solu­tions.