Hamburg-based asset manager CEE Group has secured up to 1.6 billion euros ($1.7 billion) in syndicated financing for its RF9 fund, which it describes as Germany’s largest repowering fund, the company said.
CEE Group said the facility consolidates financing at the portfolio level without requiring additional equity from existing institutional investors, and will support the fund’s repowering strategy through to 2030 while enabling the repayment of existing credit lines.
The financing is being provided by an international banking consortium including CIBC, ING, KfW IPEX-Bank, SMBC, SEB and UniCredit, according to the company.
“To our knowledge, this financing structure is unique in the German market for alternative investment funds,” CEE Group chief executive Detlef Schreiber said. “For the first time, we have achieved consolidation at portfolio level of the fund – without additional equity from our institutional investors.”
CEE Group said the RF9 fund plans to repower at least 29 renewable energy assets, lifting installed capacity from about 457 megawatts to around 1.1 gigawatts, an increase of more than 140%.
The portfolio includes 45 asset locations, comprising 17 wind and 28 solar project companies, mainly in Germany with some assets in France, the company said.
CEE Group added that it is also developing a portfolio-level electricity marketing strategy, with discussions under way with long-term power buyers. The RF9 fund was launched around the turn of 2024 and 2025, combining assets from earlier CEE renewable funds to pursue large-scale repowering by 2030.
