CEE Group, the Hamburg-based private equity company, continues to expand its wind-power portfolio in Germany. It has acquired eight wind turbines in the 27.6-MW Vormark wind farm near to the municipality Gross Pankow (Prignitz) 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 Vestas’ turbines were commissioned on time in February and March, and will supply environmentally friendly power to about 21,000 average German households a year. 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.
“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, 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.”
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 megawatt hours of electricity from renewable sources.
“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.”
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