WKN wind farm sold to CEE
- German wind farm Westerengel to be commissioned in 2016
Husum - At the end of 2015 the Husum-based project developer WKN AG has sold the German wind energy project Westerengel to CEE, an investment company located in Hamburg. CEE is belonging to Lampe Equity Management (LEM)-Group, a subsidiary of Bankhaus Lampe. Handover of the project will take place turn-key.
The project Westerengel located in Thuringia consists of seven wind turbines Vestas V112. The turbines will be erected with an installed capacity of 3.3 megawatts each and a hub height of 140 metres. The commissioning of the wind farm is planned as of the second quarter of 2016; corresponding preparatory construction measures have already been taken. The expected annual power production of the 23.1 megawatts farm amounts to more than 50 million kilowatt hours. Thus, when put into operation the wind farm developed by WKN will provide environmentally friendly energy to about 15,000 households in Thuringia.
„After the convincing start with our wind farm Looft (Schleswig-Holstein) this is already the second project which we successfully conclude with CEE”, Dr Jürgen Dambrowski, CFO of WKN AG reports. „For the further development of our portfolio we rely on experienced and trustworthy partners. Therefore, we really enjoy cooperating with WKN“, completes Detlef Schreiber, CEO of CEE.
WKN AG has planned, installed and operated turnkey wind farms and solar power systems in Germany since 1990. In addition, WKN AG is internationally represented by subsidiaries and joint-ventures in numerous European countries, South Africa and the US. Up to now, the company has initiated and realized projects with a total of about 1,250 megawatts capacity.
The headquarters of the WKN-Group are located at the “House of Future Energies”, an established center of excellence for renewable energy sources in Husum/Germany. About 83 percent of WKN shares are owned by PNE WIND AG located in Cuxhaven/Germany while approx. 17 percent are held by private and institutional shareholders.
CEE based in Hamburg, is a company specializing in renewable energy investment company with a billion euros in assets under management. It will be placed in power generation projects primarily in the areas of wind energy and solar, as well as in appropriate technology companies equity investments. With RWE Innogy CEE formed a strategic partnership in the field of technology investments in young companies. Partner of CEE are few, based in Germany, institutional investors and family offices that have long-term interest in the renewable energy market. CEE is led by the Bankhaus Lampe KG belonging lamp Equity Management GmbH, which has more than ten years experience in the financing of renewable energy.
For more information: http://www.cee-holding.de
Husum, 11 January 2016
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