CEE Group has secured syndicated financing for its RF9 fund, described as Germany’s largest repowering fund.
The Hamburg-based asset manager said the facility totals up to €1.6 billion
The group said the financing consolidates funding at portfolio level without requiring additional equity from existing investors.
The financing is being provided by an international banking consortium including CIBC, ING, KfW IPEX-Bank, SMBC, SEB and UniCredit, according to the company.
CEE Group stated that the structure will finance its repowering strategy through to 2030 and enable the repayment of existing credit lines.
Detlef Schreiber (pictured), chief executive of CEE Group, said: “To our knowledge, this financing structure is unique in the German market for alternative investment funds. For the first time, we have achieved consolidation at portfolio level of the fund – without additional equity from our institutional investors. This not only enables the repayment of various existing credit lines but also secures the complete financing of our ambitious repowering strategy until 2030.”
Franjo Salic, chief investment officer of CEE Group, said: “It speaks for the professionalization of the market that such an impressive international consortium is financing our repowering strategy with this volume. The megatrend of repowering is absolutely bankable and offers a win-win situation for both equity and debt investors.”
The RF9 fund plans to repower at least 29 renewable energy assets, increasing installed capacity from 457MW(p) to around 1.1GW(p), representing growth of more than 140%.
CEE Group added that the portfolio comprises 45 asset locations, including 17 wind and 28 solar project companies, primarily in Germany with some assets in France.
The company said it is also advancing an electricity marketing strategy at portfolio level, with discussions underway with long-term large-scale power buyers.
RF9 was launched at the turn of 2024 and 2025 as a continuation vehicle combining assets from earlier CEE renewables funds with the aim of extensive repowering by 2030.