PNE Wind sells first phase of Calau II wind farm 

PNE Wind AG has sold the first phase of the Calau II wind farm in Brandenburg, Germany to the Hamburg-based investment company CEE. 
PNE Wind sells first phase of Calau II wind farm 

The wind farm has five wind turbines and a nominal capacity of 15.375 MW. Most of the wind turbines have already been connected to the electricity grid and the wind farm is nearly fully commissioned.

Upon completion, PNE Wind AG will oversee the technical operation of the facility.

Roland Stanze who led the sales negotiations as Executive Vice President of PNE Wind, said, “In light of our large portfolio of wind projects, we have no trouble imagining this being the basis of a strong and long term cooperation in Germany and abroad."

HSH Nordbank provided the long term debt financing and the new owner CEE has taken over the commercial operations of the project.

Calau II is located in a forested area and to harness as much energy as possible from the site PNE Wind chose to rely on Vestas V112 3.0 MW turbines with very high hub heights of 140 meters.

The facility produces enough clean and environmentally friendly electricity to power 13,000 four person households, the company said in a written release.

CEE has been a provider of capital to the renewable energy sector for more than twelve years. The company has structured and financed projects in the areas of wind energy, photovoltaic, biogas and biomass.

Detlef Schreiber, CEO of CEE said over the next year his firm intends to continue to buy wind farms in Germany and France as well.

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