CEE reaches new milestone with Schmölln wind farm acquisition

CEE Group, the Hamburg-based asset management firm, announced it has acquired the Schmölln wind farm in Brandenburg from juwi Energieprojekte.

With this acquisition, CEE has increased its portfolio to 50 wind and solar farms. The total capacity of all renewable energy sources under the management of CEE has therefore risen to about 630 megawatts (MW).

The Schmölln wind farm in Brandenburg is powered by four Vestas V126turbines. The wind farm’s total capacity amounts to 13.2 megawatts (MW). CEE Operations GmbH will be responsible for the commercial management, while juwi Operations & Maintenance GmbH will oversee the technical operations.

This is the sixth project that CEE and juwi have successfully implemented together.

Detlef Schreiber, CEO of the CEE Group, said, “By acquiring the Schmölln wind farm, we have again managed to expand our portfolio in an extremely challenging environment. Working jointly with our reliable partners, we also plan to grow outside our core markets.”

Michael Class, the juwi Group’s CEO, said, “To correct the impending market distortions from 2017, changes are required, including a special tendering system for wind energy, as is set out, for example, in the paper on the exploratory talks to form a grand coalition. This must now be put into effect!”

In 2017, CEE energy farms will probably produce about 970,000 megawatt hours (MWh) of energy from renewable sources and thus deliver green power to some 230,000 four-person households, as per the company estimates.

Rajani Baburajan