CEE Group Expands Renewable Energy Portfolio with 102.5 MWp PV Project in Murcia, Spain, via CEE RF8 Fund

The CEE Group, a Hamburg-based asset manager specializing in renewable energies, has acquired a PV project in San Pedro del Pinatar, located in the Region of Murcia, southern Spain. This acquisition is part of the newly launched CEE Renewable Fund 8 (CEE RF8). The solar park, which has a total peak capacity of 102.5 MWp, is currently under construction and is scheduled to be connected to the grid in the second half of 2025.

The seller and EPC contractor is a European corporation with extensive experience in developing, constructing, and operating renewable energy facilities. Previously, in 2021, the CEE Group acquired a 50 MWp PV project in Villanueva from the same company, which will also operate the plant for an initial period of five years.

Murcia, one of the sunniest regions in Spain with 346 hours of sunshine per month, provides an ideal location for photovoltaic projects. At full capacity, the solar park in San Pedro del Pinatar can supply green energy to 47,500 households. The project will utilize a Power Purchase Agreement (PPA) to sell the generated electricity.

The CEE RF8 fund, launched at the end of 2023, is a closed-end alternative investment fund (AIF) with a planned volume of EUR 750 million. It focuses on hybridization projects, wind and solar parks, and storage technology. The fund aims to expand existing wind farms in the CEE Group’s portfolio by adding additional PV systems and storage solutions. It meets the requirements of Article 9 of the EU Taxonomy and is tailored to the needs of institutional investors.

“Murcia offers excellent conditions for photovoltaic projects. The acquisition of the project in Pinatar provides a valuable addition to our CEE RF8 fund. Along with the PV park acquired in January in Stüdenitz Schönermark, Brandenburg, the solar park in San Pedro del Pinatar forms a solid foundation for the fund, ensuring attractive long-term returns for our investors,” said Detlef Schreiber, CEO of the CEE Group. “I am also pleased to strengthen our relationship with one of our Spanish partners, with whom we have now concluded our second successful transaction.”

The CEE Group currently manages 47 onshore wind farms with an installed capacity of 655 MWp and over 54 photovoltaic projects with a capacity of 1.2 GWp across Europe. Through its funds, the company provides opportunities for institutional investors to invest in and actively drive forward the energy transition.