September 13 (Renewables Now) - Hamburg-based private equity group CEE has acquired a 16.5-MW wind park in the German state of Hesse from Max Boegl Foundation and private individual Egbert Reitz.
The deal expands CEE’s renewable energy portfolio to over 668 MW, the private equity group said on Wednesday.
The latest buy, the Aßlar wind farm, is powered by six of General Electric’s (NYSE:GE) GE 2.75-120 turbines that have been generating electricity since May last year. CEE Operations GmbH will be responsible for commercial management of the plant, while Max Boegl Wind AG will take care of technical-related issues.
The acquisition is in line with CEE’s expansion strategy, said CEO Detlef Schreiber. “Together with our partners, we want to continue to grow beyond our core markets of Germany and France in the long term,” he added.
CEE’s renewable energy portfolio includes assets in Germany, France and the UK. This year, the company expects its power plants to produce about 1 million MWh of electricity, or as much as is needed to supply around 235,000 households, it estimates.