European Energy has reached financial closing on the sale of a 33 MW portfolio of operational wind projects in Saxony-Anhalt, Germany, to a fund advised by EB – Sustainable Investment Management GmbH (EB-SIM).
EB-SIM is a leading German asset manager for ethical and sustainable investments.
The wind projects are part of a successful repowering initiative led by European Energy in Germany, replacing older turbines with modern, higher-capacity units.
The assets benefit from the German EEG feed-in tariff regime and contribute to Germany’s expanding renewable energy infrastructure.
European Energy will retain a 25% ownership stake in the assets and continue to provide technical and commercial management services, underscoring its ongoing commitment to high-quality asset performance and long-term presence in the German market.
Commenting on the sale Jens-Peter Zink, Deputy CEO of European Energy told The Voice of Renewables: “This divestment reflects our continued ability to execute on our asset rotation strategy while staying deeply engaged in the German market. We are pleased to welcome EB-SIM as a long-term partner and look forward to continuing to provide technical and commercial management services across these projects.”
Claudia Schilling, Country Manager for Germany at European Energy, added: “Our presence in Germany continues to expand, driven by both a growing development pipeline and an increasing portfolio of managed assets. This deal demonstrates investor confidence in the German renewables sector and reinforces our local asset management capabilities.”
“Germany is, and will remain, an attractive market for energy from renewable sources,” said Bernhard Graeber, Managing Director of Real Assets at EB-SIM. “By 2030, 80 per cent of the country’s electricity consumption is expected to come from renewable resources. Wind power is a fundamental part of the energy transition and therefore a target for sustainable investment.”
