European Energy has completed the sale of a majority stake in a 21MW German onshore wind portfolio to Alterric.
The portfolio consists of four Enercon wind turbines, three of which are already in operation, while the remaining one is expected to be commissioned later in 2025.
The assets benefit from a feed-in tariff scheme for a period of 20 years.
The divestment is part of European Energy’s strategy to recycle capital into new renewable energy projects, the developer said.
“Alterric is a trusted partner in the German market for us, and we are pleased to complete this transaction with them,” says Jens Peter Zink, Deputy CEO of European Energy.
This divestment forms part of our ongoing strategy to recycle capital from operational assets into new renewable energy and Power-to-X projects across Europe. Germany remains an important market for us, and we see continued opportunities in developing both onshore wind and hybrid parks with batteries,” Zink added.
Earlier this year, European Energy completed the sale of another 33 MW wind portfolio in Germany, further demonstrating the continued interest in the company’s renewable assets in the German market.
European Energy was advised by Bird & Bird, while Schomerus acted as legal advisor to Alterric.
LBBW provided debt financing for the portfolio.