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Juwi Sells Mohlis Anniversary Wind Farm to CEE Group

Hamburg/Wörrstadt/Husum, Germany - Hamburg based CEE Group acquired the Mohlis Wind Farm (Thuringia) from the Rhineland-Palatinate project developer Juwi. The Mohlis wind farm, located about 20 kilometers northeast of the city of Gera in Thuringia, consists of four Vestas V136 turbines, each with an installed capacity of 3.6 MW.

CEE now has an onshore wind energy portfolio with an installed capacity of 405 megawatts (MW) and a solar photovoltaic portfolio with a total capacity of 315 MW. The purchase price was not disclosed.

According to Juwi, the Mohlis wind farm is a milestone project in the more than 20-year history of the company as the first of the four plants is the 1,000th turbine planned and built by Juwi. Juwi is one of the first German project developers to reach this benchmark. The wind farm is not only an anniversary wind park for the Rhineland-Palatinate based project developer, it is also one of the first 2018 projects, which juwi successfully brought through the tender process of the German Federal Net Agency. “We are delighted that this special wind farm also has a special operator, with whom we have been working together for many years in a trusting and successful way," comments juwi CEO Michael Class on today's contract signing at the HusumWind fair.

"We are delighted with the acquisition of Mohlis, the juwi anniversary wind farm. This transaction demonstrates the very collaborative and successful partnership between our two companies in both the wind and photovoltaic sectors. Our goal is to continue to work together and to pursue further projects as partners, "said Detlef Schreiber, CEO of CEE Group. Jens Schnoor, Investment Director of CEE adds: "The contract negotiations with our partners at juwi were again goal-oriented and characterized by great mutual trust in the Mohlis project, our seventh joint project."

Source: IWR Online, 13 Sep 2019