European Energy has sold a majority stake in a 21-megawatt onshore wind portfolio in Germany to Alterric, the company said on Tuesday, marking its latest divestment aimed at freeing capital for new renewable energy developments.
The portfolio comprises four Enercon turbines, three of which are already operational. The remaining turbine is scheduled to be commissioned later in 2025. The assets benefit from a 20-year feed-in tariff scheme.
European Energy said the transaction aligns with its strategy to recycle capital from operating assets into new renewable and Power-to-X projects across Europe. “Alterric is a trusted partner in the German market for us, and we are pleased to complete this transaction with them,” said Jens Peter Zink, Deputy CEO of European Energy.
“This divestment forms part of our ongoing strategy to recycle capital from operational assets into new renewable energy and Power-to-X projects across Europe. Germany remains an important market for us, and we see continued opportunities in developing both onshore wind and hybrid parks with batteries,” Zink added.
Earlier this year, the company completed the sale of another 33-MW wind portfolio in Germany, underscoring continued investor interest in its assets. European Energy was advised by Bird & Bird, while Schomerus served as legal adviser to Alterric. LBBW provided debt financing for the portfolio.
