The wind park with a total installed capacity of 12.8 MW was built as a turnkey project in southwest Germany. CEZ acquired the project, including a 20-year feed-in tariff subsidization contract, from AREAM, a German Investment and Asset Manager.
“This is our initial project in the German renewables market, with others planned to follow and we would like to thank AREAM for the trustful collaboration in this project. We are looking not only at already completed onshore projects but also at offshore projects and projects under development,” says Tomáš Pleskač, Chief Renewables and Development Officer. CEZ has already reviewed dozens of projects with installed capacity exceeding 2.5 GW.
“This transaction is the result of a very professional and successful collaboration between AREAM and CEZ. Having closed this transaction AREAM strengthens its position in the institutional asset management business”, Markus Voigt, managing partner AREAM, concludes.