German renewables asset manager CEE Group has bought the Waldfeucht wind farm in Germany from Energiekontor for an undisclosed price.
The project is located in North Rhine-Westphalia, west of Heinsberg, and comprises three Nordex 4.5MW turbines with hub heights of 125 metres.
Each machine is expected to generate about 35 million kilowatt-hours of electricity a year.
Debt financing for the deal was provided by DKB Deutsche Kreditbank.
Energiekontor chief executive Peter Szabo said: “The sales process of the Waldfeucht wind farm went according to plan and represents an important contribution to the 2019 annual result.
“With the CEE Group we have found an investor who shares our passion for renewable energies and with whom we can very well imagine a trusting cooperation also for future projects.”
CEE Group chief executive Detlef Schreiber said: “We are delighted with the acquisition of Waldfeucht wind farm, our first joint project with Energiekontor.
“We believe that this transaction provides a strong foundation for a long-lasting cooperative and successful relationship.”