Hamburg, 12 September 2018 – The asset manager CEE has taken a further successful step in expanding its portfolio. Its acquisition of a wind farm in Hessen raises the total capacity of all renewable energy sources managed by CEE to more than 668 megawatts. Max Bögl Stiftung and the private person Egbert Reitz are the sellers of the farm.
Located in Aßlar in Hessen, the wind farm consists of six GE 2.75-120 turbines and has a total generation capacity of 16.5 megawatts (MW). CEE Operations GmbH will be responsible for the commercial management. Max Bögl Wind AG will oversee the technical side. The farm has been fully connected to the power grid since May 2017. More than 30,000 tons of CO2 can be saved each year after commissioning.
This is the first joint project implemented by CEE and Max Bögl. Detlef Schreiber, the CEE Group’s CEO says: “We are pleased to have successfully completed this project with Max Bögl and Mr. Reitz. The acquisition of the Aßlar wind farm marks a further step in our successful growth strategy. Together with our partners, we also aim to grow outside our core German and French markets in the long term.”
For the Max Bögl Group, Guido Marks, Head of Wind Project Development, says: “We are delighted to have handed the Aßlar wind farm over to the experienced and expert hands of the Hamburg-based CEE Group.”
More than 50 CEE power plants cover the energy needs of over 900,000 people.
In 2018, CEE energy parks will probably produce about 1 million megawatt hours (MWh) of renewable energy sources and thus provide green power to around 235,000 4-person households.
The CEE Group, whose head office is in Hamburg, is a private equity group that specialises in investing in physical assets and manages assets of about EUR 1.3 billion. Equity investments are made in energy production projects primarily in wind and solar PV as well as in related technology firms. It has entered into a strategic alliance with RWE Innogy to cooperate in technology investments in young companies. The CEE Group’s investors are just a few institutional investors and family offices in Germany with a long-term interest in the market for investments in renewables and physical assets. CEE Group was acquired by Brookfield Asset Management in 2017.
Max Bögl Group
With about 6,500 highly qualified employees and annual revenue of more than 1.7 billion euros, Max Bögl is one of the largest building, technology and service companies in the German construction industry. Since it was established in 1929, the company’s history has been shaped by its innovative strength in research and technology. At over 35 locations worldwide, experts in civil engineering, infrastructure and renewable energies advise the group’s clients in planning, execution and operations. The focus is on customised individual services and also sustainable total one-stop solutions that meet high technical and ecological standards. On the basis of its long-standing experience and expertise in high-precision pre-cast concrete construction, Max Bögl also positions itself as a key player in the development of pioneering technologies, products and construction methods.
Press inquiries CEE Group:
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Tel: +49 40 688 788-62
Press inquiries Max Bögl Group:
Head of PR / Marketing
Tel: +49 9181 909-10712