Taylor Wessing advises CEE Group on the acquisition of the 154 megawatt peak solar park project Döllen

Under the leadership of Hamburg partner Carsten Bartholl, international law firm Taylor Wessing has again provided comprehensive legal advice to Hamburg-based asset manager CEE Group in the context of a renewable energy transaction.  Apart from the acquisition of the project and the project rights, Taylor Wessing also advised on the complex construction agreements, various issues concerning the permitting and the zoning plan procedures as well as in connection with the sale of the electricity to be generated.

CEE Group is expanding its solar energy portfolio with a 154 megawatt peak flagship project in Brandenburg. The new solar park Döllen in the district of Prignitz will offer a peak capacity of 154 MWp after its completion and will thus supply around 150,000 megawatt hours of "green electricity" per year. The Döllen project is the CEE Group's largest single investment in a ground-mounted solar park to date. With this acquisition, the CEE Group's portfolio grows to a total of 38 photovoltaic plants and 44 onshore wind power plants. The Döllen solar park is expected to be commissioned in March/April 2023. The new solar park will be part of the portfolio of the special AIF (SICAV-RAIF) Renewable Fund 7 (CEE RF7). The acquisition of the project company already took place in December 2020.

In addition to Taylor Wessing as legal advisor and consulting firms 8.2 Obst & Ziehmann GmbH (Dietmar Obst, Lennart Behn, Karsten Kreissler) und 8.2 Arp & Kleiss GmbH (Dr. Gerhard Kleiss) as technical advisors,  Pexapark AG, CH - Schlieren was involved as the commercial and strategic advisor regarding the marketing of electricity.

About CEE Group

CEE Group is a Hamburg-based asset manager specializing in renewable energy. With a track record of over 80 transactions in the renewable energy sector and a portfolio of over two billion euros in assets under management in Europe, CEE is a competent and reliable partner. Since its inception, CEE’s main focus has been on wind and solar energy. The CEE Group has 44 onshore wind turbines with an installed capacity of around 622 MW and 38 photovoltaic plants with around 718 MWp. The total capacity thus amounts to around 1,340 MW.

As an internationally operating company, the CEE Group offers its customers sustainable investment concepts with long-term return opportunities in the growth market for renewable energies. With its independently operating companies, the company has a comprehensive range of services for projects in this segment. Investors are in particular institutional investors with a long-term interest in renewable energies.

Legal Advisors CEE Group

Lead Carsten Bartholl (Corporate Energy / M&A), Jasmin Schlee, Thorsten Eggert, Pauline Peters, Dr. Angela Menges (all Corporate Energy / M&A), Dr Markus Böhme, LL.M. (Public Law Energy), Hannes Tutt, Galya Stareva (both Commercial Real Estate), Dieter Lang (Environmental) , Dr. Janina Pochhammer. Dr. Niels Lange (both Projects), Dr. Philipp Behrendt, Kerstin Bär (Commercial Agreements)