WKN wind farm sold to CEE

- German wind farm Looft II to be commissioned in 2015

Husum - At the end of 2014 the Husum-based project developer WKN AG has sold the wind energy project Looft II (Schleswig-Holstein) to CEE, an investment company located in Hamburg. Handover of the project will take place on completion.

The Schleswig-Holstein project Looft II in the district of Steinburg consists of four wind turbines. Two Vestas V112 each with an installed capacity of 3.075 megawatts and 94 metres hub height as well as another two Vestas V90 each with an installed capacity of 2.0 megawatts and a hub height of 105 metres will be erected. The commissioning of the wind farm is planned as of the second quarter of 2015; corresponding preparatory construction measures have already been taken. The wind farm will feed directly into the 110-kilovolt grid via a transformer station. The expected annual power production of the 10.15 megawatts farm amounts to approximately 26 million kilowatt hours. Thus, when put into operation the wind farm developed by WKN will provide environmentally friendly energy to about 7,500 households in Schleswig-Holstein.

„Wind farm Looft II is the first transaction with CEE“, Dr Jürgen Dambrowski, CFO of WKN AG reports. „Our majority shareholder PNE WIND has already cooperated with CEE successfully, thus we are also looking forward to our future cooperation. “


WKN AG
WKN AG has planned, installed and operated turnkey wind farms and solar power systems in Germany since 1990. In addition, WKN AG is internationally represented by subsidiaries and joint-ventures in numerous European countries, South Africa and the US. Up to now, the company has initiated and realized projects with a total of about 1,200 megawatts capacity.
The headquarters of the WKN-Group are located at the “House of Future Energies”, an established center of excellence for renewable energy sources in Husum/Germany. About 83 percent of WKN shares are owned by PNE WIND AG located in Cuxhaven/Germany while approx. 17 percent are held by private and institutional shareholders.


CEE
CEE is an investment company specializing in renewable energies with currently one billion euros assets under management. The company, headquartered in Hamburg, is primarily investing in energy generation projects within the wind, photovoltaic, biogas, biomass, and near-surface geothermal energy sectors as well as in associated technologies.
CEE is being managed by Lampe Equity Management GmbH, a subsidiary of Bankhaus Lampe, and can draw back on more than ten years of experience in the financing of renewable energy projects.
Further information available at www.cee-holding.de


Husum, 19 December 2014


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House of Future Energies
Otto-Hahn-Strasse 12 – 16
25813 Husum, Germany

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