CEE acquires German wind farm from juwi

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
CEE acquires German wind farm from juwi

The Hamburg-based CEE Group continues to expand its wind portfolio and is acquiring the Gollenberg wind farm currently under construction in Rheinland-Pfalz.

The seller is juwi Energieprojekte GmbH, which is also responsible for the construction stage as general contractor. The wind farm comprises six Vesta V126 turbines. The hub height is 137 m, the rotor diameter is 126 m and the wind farm’s total capacity amounts to 19.8 MW. After commissioning, the turbines will supply environmentally friendly power to about 15,000 households each year. The wind farm is expected to be fully connected to the grid at the end of January 2017.

CEE Operations, which manages the CEE Group’s power plant portfolio, will be responsible for commercial operations. juwi Operations und Maintenance GmbH will assume responsibility for technical operations. This is the fifth project that the CEE Group and juwi have implemented jointly.

Detlef Schreiber, the CEE Group’s CEE, said:

“By acquiring Gollenberg, CEE has also managed to continue the growth strategy in the wind segment in Germany in an extremely challenging market environment. Together with our reliable partners, we also intend to continue to grow outside our core markets.”

Michael Class, the juwi Group’s CEO, said:

“The Gollenberg wind farm clearly demonstrates that turbines can be operated profitably in the long term even at so-called low-wind sites thanks to modern inland technology. We are very pleased to have implemented this project with the CEE Group.”

The Gollenberg wind farm increases the CEE Group’s renewables portfolio to about 556 MW. In 2017, CEE’s energy plants will probably produce about 880,000 megawatt hours (MWh) of power from renewable sources.

List of country news

Country news

  • January 03, 2017

    Vattenfall sells two German waste to energy power plants

    Vattenfall has launched the process to sell two German waste to energy power plants, Lauta and Rüdersdorf to STEAG.

    Read more
  • December 23, 2016

    AfDB approves US$50 million investment for Facility for Energy Inclusion (FEI) fund

    The African Development Bank (AfDB) has announced it has approved a financing package of US$100 million, comprising US$50 million equity and US$50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund.

    Read more
  • December 20, 2016

    PNE WIND sells majority stake in wind farm portfolio

    PNE WIND has signed a contract representing the largest onshore wind farm sale in the company's history. The 142 MW wind farm portfolio has a total enterprise value exceeding €330 million (US$345 million).

    Read more
  • December 13, 2016

    Trianel acquires 24 MW Thuringia wind park

    Trianel GmbH has announced it has acquired the 24 MW Gebersreuth wind farm in Thuringia (Germany), from Fronteris GmbH.

    Read more
  • December 01, 2016

    EIB finances gas-fired thermal power plant in Germany

    The European Investment Bank will provide financing for the construction of the new K.I.E.L coastal power plant on Kieler Förde in Germany.

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.