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Private equity group acquires German windfarm

German private equity group CEE has taken the capacity of its managed renewables projects to 688 MW with the acquisition of a windfarm.

The windfarm in Hessen raises the total capacity of all renewable energy sources managed by CEE to more than 668 megawatts. Max Bàƒ¶gl Stiftung and the private person Egbert Reitz are the sellers of the farm.à‚ 

Located in Asslar in Hessen, Germany, the windfarm consists of six GE 2.75-120 turbines and has a total generation capacity of 16.5 MW.

CEE Operations GmbH will now be responsible for the commercial management of the site following the purchase from German construction firm Max Bàƒ¶gl, whose subsidiary, Max Bàƒ¶gl Wind, will still oversee the technical side of the windfarm, which has been fully connected to the grid since May 2017.

Detlef Schreiber, CEE Group’s chief executive, said: “The acquisition marks a further step in our successful growth strategy. Together with our partners, we also aim to grow outside our core German and French markets in the long term.”