CEE Group announces the acquisition of a solar park in Harderwold, the Netherlands, from the Danish project developer Obton.
An acquisition of 44MWp
CEE Group acquires the Harderwold solar park with a capacity of about 44MWp. Thus, the park is able to produce 45.1GW of electricity from solar energy per year. In addition, the site belongs to the municipality of Zeewolde in the Dutch province of Flevoland.
The park is located on a former golf course of approximately 36 hectares. In addition, the newly acquired park by CEE Group has wide waterways instead of fences. Thus, the Harderwold solar park does not interfere with the migration of animals.
Flowers and plants are given ample space and sheep can graze between the rows of modules. In addition, tree hedges ensure that the solar power plant is not visible to traffic. Detlef Schreiber, CEO of CEE group, says:
“The newly acquired plant in Harderwold fits our purchasing profile for renewable energy facilities. With approximately 45 MWp, the plant has an extremely attractive economic scale for investors“
In addition, the Harderwold photovoltaic plant integrates solar modules from the Chinese manufacturer LONGi. Finally, the inverters are from the manufacturer Sungrow. Obton concluded the purchase contract and received legal advice from BJKT and Bankhaus von der Heydt.
A competitive market
The investment conditions for renewable energy are particularly good in the Netherlands compared to other countries. Indeed, the SDE+ subsidy system for renewable energy provides for a fixed rate for at least 15 years. Thus, the SDE+ grant system creates income security.
The Netherlands is one of the few countries still operating with such a state-guaranteed tariff system. Detlef Schreiber, CEO of CEE group, says:
“The Dutch market is very competitive due to its exceptional regulatory framework. For project developers, investors and financing banks, these are very advantageous, as a cash flow is generated on the part of the projects that is secured by government regulations. In most other markets, such predictable revenue subsidy systems are no longer available. There, renewable energy plant operators market the electricity they produce themselves via so-called power purchase agreements (PPAs), which carries risks and opportunities.”
CEE Group is an asset manager based in Hamburg, Germany, specializing in renewable energy.
The company has a track record of over 80 transactions in the renewable energy sector. CEE Group has a portfolio of approximately €2 billion of assets under management in Europe. Since its inception, the company has focused primarily on wind and solar energy.
The group manages 45 onshore wind power plants with an installed capacity of approximately 636MW. The company also owns 40 photovoltaic power plants of about 790MWp. Thus, CEE Group has a total capacity of approximately 1426MW.
