2 October 2019
CEE Group's asset management company, which specialises in investments in renewable energy, is acquiring juwi Group's Mohlis anniversary wind farm in Thuringia. International law firm Taylor Wessing advised CEE Group on the transaction under the leadership of its Hamburg partner Carsten Bartholl. Hamburg-based CEE Group is thus expanding its onshore wind energy portfolio to a total installed capacity of around 405 megawatts. Both companies have agreed not to disclose the purchase price.
Mohlis wind farm consists of four Vestas V136 turbines, each with a capacity of 3.6 megawatts. Together, the turbines generate around 50 million kilowatt hours of climate-friendly electricity each year. This corresponds to the annual consumption of more than 16,000 households. Compared to electricity generation from fossil fuels, the wind farm saves 37,600 tonnes of the climate-damaging greenhouse gas CO2. The first of the four turbines of the anniversary wind farm is the 1,000th turbine planned and built by juwi and thus a beacon project in the company's more than 20-year history.
CEE Group, headquartered in Hamburg, Germany, is an asset manager specializing in investments in renewable assets with assets under management of around 1.4 billion euros. CEE invests in power generation projects in the wind and solar sector. The investors of CEE Group are institutional investors with a long-term interest in investments in renewable energy. CEE Group was acquired by Brookfield Asset Management in 2017.
Legal Advisors CEE Group
Taylor Wessing: Lead Partner Carsten Bartholl (Partner, Corporate/Energy), Dr. Markus Böhme (Energy Law), Dieter Land (Partner, Public Law), Christian Kupfer (Associate, Corporate/Energy), Hannes Tutt (Senior Associate, Real Estate), Dr. Rembert T. Graf Kerssenbrock (Associate, Corporate/M&A), Julia Wellhöfer (Associate, Corporate/M&A), Lars Borchardt (Associate, Public Law), all Hamburg”
Taylor Wessing advises CEE Group on the acquisition of the first German “onshore wind+storage”-project and respective PPA
by multiple authors
by Carsten Bartholl and Dr. Markus Böhme, LL.M. (Nottingham)