German CIC acquires ECN Wind Energy Facilities

GE’s prototype for its Cypress platform © GE

Hamburg-based Connected Infrastructure Capital GmbH (CIC) has acquired 100% of ECN Wind Energy Facilities B.V. (EWEF), owner of the wind turbine test facilities in the Wieringermeer in the province of Noord-Holland. The German company also intends to acquire approximately 800 MW of approved onshore wind farms in the next 36 months.

EWEF was founded by research agency ECN and owns a wind farm in the Wieringermeer, in the north-east of the province of Noord-Holland. The wind farm is part of the Windpark Wieringermeer plan, together with the Prinses Ariane wind farm owned by Vattenfall which was recently opened.

The wind farm consists of two parts: The existing wind farm with 8 Vestas V126 wind turbines and a total capacity of 30.4 MW became operational in 2019. The second part consists of a total of 9 prototype sites with a fully developed infrastructure and a total capacity of about 35 MW, which are leased to manufacturers to test their prototypes in order to obtain type certificates.

The buyer of the shares is CIC EWEF B.V, a dutch subsidiary of CIC. In the transaction, CIC acquired the shares under the 50+1 rule. In addition to CIC local parties hold 50% of the share of the operating wind farm.

“We are very glad that we were able to purchase the company shares“, says Hans Joern Rieks, founding partner of CIC. „It is an attractive asset and long-term investment and therefore fits very well into our growth strategy..”

CIC, a joint venture of Jopo GmbH and VentusVentures Holding GmbH, specializes in structured financing solutions in the renewable energy sector and focuses on the acquisition of high-yield, approved wind farm projects in European markets with a special focus on Scandinavia. The founders of CIC have implemented more than 900 MW of renewable energy projects in the US, France, Denmark and Germany.