News

10/01/2017

CEE Group acquires a 19.8 MW-wind farm in Germany

The Hamburg-based CEE Group continues to expand its wind portfolio and is acquiring the Gollenberg wind farm currently under construction in Rheinland-Pfalz. The seller is juwi Energieprojekte GmbH, which is also responsible for the construction stage as general contractor. The wind farm comprises six Vesta V126 turbines. The hub height is 137 m, the rotor diameter is 126 m and the wind farm’s total capacity amounts to 19.8 megawatts (MW). After commissioning, the turbines will supply environmentally friendly power to about 15,000 households each year. The wind farm is expected to be fully connected to the grid at the end of January 2017.

CEE Operations, which manages the CEE Group’s power plant portfolio, will be responsible for commercial operations. juwi Operations und Maintenance GmbH will assume responsibility for technical operations. This is the fifth project that the CEE Group and juwi have implemented jointly.

Detlef Schreiber, the CEE Group’s CEE, says: “By acquiring Gollenberg, CEE has also managed to continue the growth strategy in the wind segment in Germany in an extremely challenging market environment. Together with our reliable partners, we also intend to continue to grow outside our core markets.”

Michael Class, the juwi Group’s CEO, says: “The Gollenberg wind farm clearly demonstrates that turbines can be operated profitably in the long term even at so-called low-wind sites thanks to modern inland technology. We are very pleased to have implemented this project with the CEE Group.”

The Gollenberg wind farm increases the CEE Group’s renewables portfolio to about 556 MW. In 2017, CEE’s energy plants will probably produce about 880,000 megawatt hours (MWh) of power from renewable sources.

Project Partners

Financial model review Taylor Wessing
Legal and tax due diligenc: Taylor Wessing
Technical due diligence renerco plan consult GmbH
Seller juwi Energieprojekte GmbH
General contractor juwi Energieprojekte GmbH
Technical operator juwi Operations und Maintenance GmbH
Finance partner Landesbank Hessen-Thüringen Girozentrale
Commercial operator CEE Operations GmbH
Energy buyer Direct marketing under the German Renewable Energies Act (EEG): contract partner for the first five years: MVV Energie AG

 


 

Corporate enquiries for CEE Group:

Dr. Björn Keßel

Investment Director

Tel: +49 40 688 788-63

Email: kessel@cee-group.de

 

Media enquiries for CEE Group:

Alexander Stier

Press / Marketing

Tel: +49 40 688 788-62

Email: stier@lampe-equity.de

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