Investment company CEE takes over wind farm Aßlar

Cate­gory: Private Equity
25. Septem­ber 2018

Hamburg — The Hamburg-based invest­ment company CEE takes over the wind farm Aßlar in Hesse and thus further expands its wind power port­fo­lio. The six GE 2.75–120 wind turbi­nes in Asslar have a capa­city of 16.5 mega­watts (MW). The sellers are the Max Bögl Foun­da­tion and the private owner Egbert Reitz.

“With the acqui­si­tion of the Aßlar wind farm, we are successfully conti­nuing our growth stra­tegy. Toge­ther with our part­ners, we want to conti­nue to grow beyond our core markets of Germany and France in the long term,” says Detlef Schrei­ber, CEO of the CEE Group. The acqui­si­tion increa­ses the CEE Group’s rene­wa­ble energy port­fo­lio to appro­xi­m­ately 668 MW.

The CEE Group, head­quar­te­red in Hamburg, is an invest­ment company specia­li­zing in tangi­ble asset invest­ments with appro­xi­m­ately 1.4 billion euros in assets under manage­ment. Among other things, equity invest­ments are made in energy gene­ra­tion projects prima­rily in the wind and photo­vol­taic sectors as well as in corre­spon­ding tech­no­logy compa­nies. The CEE Group is part of the Lampe Equity Manage­ment (LEM) Group, a subsi­diary of Bank­haus Lampe.

Taylor Wessing’s energy team has been advi­sing inves­tors, finan­ciers and project deve­lo­pers for seve­ral years in all phases of project finance and tran­sac­tion advi­sory in the rene­wa­ble energy sector, assis­ting projects in excess of 1,000 MW in various stages of deve­lo­p­ment each year.

Advi­sor CEE Group: Taylor Wessing
Lead Part­ner Cars­ten Bartholl
The Hamburg-based part­ner specia­li­zes, inter alia, in tran­sac­tions in the field of rene­wa­ble ener­gies. This is the second time Taylor Wessing has advi­sed CEE on tran­sac­tions invol­ving rene­wa­ble energy gene­ra­tion assets.

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