European Energy has agreed to divest a 50% stake in an onshore wind project in Saxony-Anhalt, Germany, to the QEEE fund.
The company said the 32.8MW project will be constructed from 2026 with commissioning expected between November 2026 and February 2027.
QEEE fund manager Quadoro noted that European Energy will remain responsible for construction and delivery until commissioning and will provide asset management services after commissioning.
The wind park will comprise six Nordex Group turbines including two N163/6.8 TCS164 units and four N133/4.8 TCS164 units.
The project secured an EEG tariff in December 2024 and initial site preparation works have already begun.
“European Energy continues to see strong demand from institutional investors for well-structured renewable energy projects in Germany,” said Jens-Peter Zink, deputy chief executive of European Energy.
“The transaction demonstrates continued interest in projects that combine secured revenue frameworks, established turbine technology, clear construction timelines, and access to competitive financing.”
“The Zeitz project stands out for its strong earnings forecast.”
“The wind farm is a perfect fit with the QEEE’s strategic focus and not only strengthens the fund’s long-term strategy but also makes a significant contribution to promoting Germany’s energy independence.”
“We are pleased to collaborate with European Energy in a strong, partnership-driven approach realize the wind farm and to progressively expand our portfolio,” said Tobias Reber, head of renewable energy portfolio management at Quadoro.
“This cooperation reflects our shared commitment to sustainable growth and the continued development of renewable energy assets.”