CEE Group expands Renewable Energy Portfolio to over 600 megawatts.

Soltau wind park courtesy of Greenpeace Energy.

The Hamburg-based company CEE is continuously expanding its portfolio and acquiring another German wind farm. The park, which consists of 6 wind power plants, has a capacity of around 12 megawatts (MW) in Gilmerdingen, Lower Saxony. This means that the total capacity of the CEE in the wind and photovoltaic sector will exceed 600 MW for the first time.

The wind farm acquired by CEE is located in Lower Saxony near the town of Soltau. The six Gamesa G97 wind turbines with a hub height of 120 meters provide a generation output of around 12.0 MW.

The seller of the wind farm is the Danish European Energy AS, which has been successfully cooperating with the CEE for some time. The newly acquired wind farm is already the third project to acquire CEE from European Energy AS. Commercial operations are handled by CEE Operations, the CEE subsidiary specializing in this task.

The total CEE production output from wind power and solar flare installations now increases to over 600 MW. In this way CEE is further consolidating its position as one of the largest independent operators of solar and wind farms in Germany. “As a market player of the first hour, we are pleased to continue to grow in the current competitive environment. This underlines our many years of competence in the structuring, acquisition and operation of renewable energy projects, “explains Detlef Schreiber, CEO of CEE.” Investments in assets with regular cash flows also offer our investors an attractive investment opportunity in the current low-interest environment. And this is relatively independent of the global financial markets. “

The wind and solar parks of the CEE are located in Germany, France and the UK. In 2017, the CEE energy parks are expected to generate around 950,000 MWh of energy from renewable sources, thus providing around 225,000 4-person households with green electricity.

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