(PresseBox) 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 juwiEnergieprojekte 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 megawatts (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, says: “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, says: “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.”
WANT TO BUILD A FINANCIAL EMPIRE?
Subscribe to the Global Banking & Finance Review Newsletter for FREE Get Access to Exclusive Reports to Save Time & Money
By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
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.
The juwi group is one of the world’s leading companies in the area of renewable energy. The renewable energy pioneer with a strong regional presence offers project development and EPC services as well as products and solutions for the energy turnaround. Company activities are mainly projects with solar and wind.
The juwi group was established in 1996 in Rhineland-Palatinate/Germany. Since the end of 2014, Mannheim based utility MVV Energie AG has been partner and majority shareholder (63%) of the juwi Group. juwi has about 1,000 employees worldwide, branches on all continents and is actively engaged in various projects all over the globe. Working together with passion to implement renewable energy economically and reliably is what drives us.
So far, juwi has realized more than 900 wind turbines with a total capacity of more than. 2,000 megawatts at more than 150 sites globally. In the solar segment, more than 1,500 projects with a total capacity of around 1,700 megawatts have been designed and constructed. Combined, these energy systems produce around 7.5 billion kilowatt hours of clean energy per year, equalling the annual demand of more than 2.5 million German households. Within the past 20 years, juwi has initiated an investment volume of around seven billion euros to realize these projects.
Financial model review: Taylor Wessing
Legal and tax due diligenc: Taylor Wessing
Technical due diligence: renerco plan consult GmbH
Seller: juwiEnergieprojekte GmbH
General contractor: juwiEnergieprojekte GmbH
Technical operator: juwi Operations und Maintenance GmbH
Finance partner: Landesbank Hessen-Thüringen Girozentrale
Commercial operator: CEE Operations GmbH
Energy buyer: Direct marketing under the German Renewable Energies Act (EEG): contract partner for the first five years: MVV Energie AG