CEE financial resources 250MW European solar portfolio

• The three projects lie in Spain and also Germany

Hamburg-based renewable energy asset manager CEE Group as well as DAL Deutsche Anlagen-Leasing have signed three financing agreements for 250MWp of European solar projects.

Of the 3 projects, two plants lie in Spain and also one in Germany.

The open-space solar parks in Spain, at Castilla La Mancha as well as near the Spanish city of Cuenca, will each provide an outcome of 50MWp. The large-scale plant in Dollen, Brandenburg, is developed for 154 MWp.

Neither business has actually revealed even more information of the purchase.

CEE Group CEO Detlef Schreiber: "The closing of the 3 fundings represents a landmark in the collaboration in between our two residences. The collaboration in the procurement of the three new solar parks makes an essential payment to our objective of more expanding renewable energies in Europe in line with the climate defense objectives of the Intergovernmental Panel on Climate Change.

" The Spanish market has been revealing strong growth once again for numerous years, after a short-lived downturn because of governing changes on the part of politicians. In the meantime, there is once again a clear commitment, also on the part of Spanish national politics, to the development of renewable energies and Spain is striving for a total conversion to renewable electrical power by the year 2050.

" With both Spanish projects, we have created the basis for exploiting amazing possibilities in this growth market for our capitalists in the coming years. A milestone in the power shift in Germany is specified by the solar park under construction in Dollen. With a small output of 154MWp, it will supply around 150,000 MWh of 'green electrical energy' to the grid per year in the future."