
CEE Group launches €500 million repowering initiative to reach 1.1 GW capacity
CEE Group, has announced the launch of a new €500 million repowering fund, CEE RF9, under Article 9 guidelines. The fund aims to triple the energy production capacity of 29 operational renewable assets by upgrading existing wind turbines and solar PV parks with state-of-the-art technology.
This initiative builds on the successful exits of three previous investment vehicles—CEE RF1, RF2, and RF3—which delivered attractive project-level returns of 10% to 12% (IRR). Approximately 85% of legacy investors have reinvested in the new RF9 fund, which has a 20-year term and targets a 10% IRR in the base case scenario.
A significant boost in energy capacity
The combined portfolio of assets currently has an installed capacity of 457 MWp, which is expected to increase to up to 1.1 GWp through the repowering process, scheduled for completion between 2027 and 2030. By replacing older technologies with highly efficient systems, CEE Group maximizes the potential of Germany's and France's most productive renewable energy sites.
Most feed-in tariffs will remain in place, and existing infrastructure such as grid connections will continue to be utilized. Replaced turbines and solar panels will either be sold on the secondary market or recycled whenever possible.
Repowering: A win for investors and the energy transition
"We are fully embracing the repowering megatrend," said Detlef Schreiber, CEO of CEE Group. "With this project, we are not only advancing the energy transition but also providing investors with long-term sustainable returns. Premature modernization of aging renewable energy assets presents a significant opportunity for both environmental and financial gains."
Long-term commitment to renewable energy
The RF9 fund consolidates 16 onshore wind farms and 23 solar PV parks, primarily located in Germany, with some assets in France. The assets, on average, are 13 years old and still benefit from seven years of guaranteed feed-in tariffs.
This strategic milestone demonstrates CEE Group's dedication to sustainable and innovative solutions for the energy transition, while offering investors reliable and attractive returns over the long term.
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