CEE, the Hamburg-based private equity group, continues to expand its wind power portfolio in Germany with eight wind turbines in the Vormark wind farm in Brandenburg. The seller is a consortium consisting of the Danish company European Energy A/S and the Berlin-based Green Wind Energy GmbH.
The wind farm consists of eight turbines (type Vestas V126, 3.45 MW). The hub height is 137 meters with a rotor diameter of 126 meters. The overall capacity of the wind farm 27.6 MW. The turbines, commissioned in February and March, will supply environmentally friendly power to about 21,000 households. CEE Operations, which manages the CEE Group’s power plant portfolio, is responsible for the commercial operations. Green Wind Operations GmbH, a sister company of Green Wind Energy GmbH, will assume responsibility for technical operations.
“We are pleased to have grown further in our core German market by acquiring the Vormark wind farm,” said Detlef Schreiber, CEE Group’s CEO. “After the acquisition of the Gollenberg wind farm a few months ago, this renewed expansion of our overall portfolio underlines the CEE Group’s strong position in a competitive market.”
“To acquire a wind project of this size in the current market environment is a very positive start to 2017 for our investors and for us,” said Jens Schnoor, the responsible investment director of CEE Management. “We hope that this first transaction with European Energy A/S and Green Wind Energy marks the beginning of a longer period of collaboration.”
“We are focusing increasingly on the repowering of old turbines, and in Gross Pankow we have doubled the megawatt capacity by deploying new, highly efficient turbines,” said Martin Kühl, managing director of Green Wind Energy GmbH and project developer of the wind farm. “Green Wind, together with European Energy, has found a strong partner in the CEE Group, which pursues a sustainable energy policy. In our view, repowering will also play a significant role in this connection even after the introduction of the new Renewable Energies Act (EEG).”
“With the successful implementation of the project in Vormark, we were once again able to demonstrate our expertise in the German market as one of our core markets,” said Knud Erik Andersen, managing director and main shareholder of European Energy A/S. “In addition, the project testifies to our expertise in the field of repowering. We are pleased to collaborate with experienced partners such as the CEE Group and Green Wind Energy and also see new opportunities for cooperation in the future.”
Following the acquisition of the Vormark wind farm, the CEE Group’s renewables portfolio has grown to about 585 MW. In 2017, CEE’s energy parks will probably generate around 920,000 MWh of electricity from renewable sources.
Source: CEE Group
For more information, go to www.cee-group.net