CEE Group has added a 16.5MW wind farm in Saarland, Germany to its portfolio.
The Hamburg-based renewable asset manager said it has bought the Nonnweiler forest wind farm from Max Bögl Group for an undisclosed sum.
The farm consists of six GE 2.75-120 turbines. The latest deal gives CEE a total renewable capacity of 710MW.
CEE’s operations arm will be responsible for the commercial management of the wind farm, while Max Bögl Wind will supervise technical operations.
This is the second joint project for CEE and Max Bögl, following CEE’s acquisition of Asslar wind farm in 2018.
Detlef Schreiber, CEO of CEE Group said: “The acquisition of Nonnweiler wind farm is in line with our business objectives in Germany and France.
“Going forward, we are excited to continue to explore partnerships for future opportunities as the CEE Group expands into new continental European markets.”