Project Transaction: CEE Group Acquires Further Wind Farm Project in Germany
Hamburg, Germany - The Hamburg based renewable asset manager CEE has expanded its portfolio to a total rated output of 435 megawatts (MW) by taking over the Schwalbach wind farm in the southwest of the Saarland from the Dutch wind project provider Dunoair.
In addition to the wind energy sector, the CEE Group is also active in the solar energy sector. Here the asset manager has a photovoltaic portfolio of around 315 MWp. With assets under management of around EUR 1.4 billion, the CEE Group invests in energy generation projects in the wind and solar sectors. The investors of the CEE Group are institutional investors with a long-term interest in investments in renewable energies. The CEE Group was acquired by Brookfield Asset Management in 2017.
Dunoair has expanded the company's turbine portfolio to almost 90 wind turbines with a total capacity of 220 MW, and around 500 million euros have been invested in the projects during this time. A further 300 MW are currently still in the pipeline.
Source: IWR Online, 18 Dec 2019