European Energy has completed the sale of a 33MW operational wind portfolio in Germany to a fund advised by EB – Sustainable Investment Management (EB-SIM).
The wind projects in Saxony-Anhalt are part of a repowering initiative led by European Energy in Germany, replacing older turbines with modern, higher-capacity units.
The assets benefit from the German EEG feed-in tariff regime and contribute to the country’s renewable energy infrastructure.
European Energy will retain a 25% ownership stake in the assets and will continue to provide technical and commercial management services.
Deputy chief executive of European Energy Jens-Peter Zink said: “This divestment reflects our continued ability to execute on our asset rotation strategy while staying deeply engaged in the German market.
“We are pleased to welcome EB-SIM as a long-term partner and look forward to continuing to provide technical and commercial management services across these projects.”
European Energy’s country manager for Germany Claudia Schilling added: “Our presence in Germany continues to expand, driven by both a growing development pipeline and an increasing portfolio of managed assets.
“This deal demonstrates investor confidence in the German renewables sector and reinforces our local asset management capabilities.”
EB-SIM is a German asset manager for ethical and sustainable investments.
Managing director of real assets at EB-SIM Bernard Graeber said: “Germany is, and will remain, an attractive market for energy from renewable sources.
“By 2030, 80% of the country’s electricity consumption is expected to come from renewable resources.
“Wind power is a fundamental part of the energy transition and therefore a target for sustainable investment.”