KfW IPEX-Bank contributes to financing for CEE Group repowering fund
Germany, Dec. 17 -- KfW IPEX-Bank participates as an arranger in a consortium financing for the expansion of wind and solar projects in Germany. The total volume of financing for the German asset manager CEE Group amounts to up to 1.6 billion euros and is provided in cooperation with UniCredit, CIBC, ING, SMBC and SEB.The funds will be used to equip existing wind and solar farms with more powerful turbines and PV modules and thus significantly increase the total installed capacity - so-called repowering. In this way, the CEE Group plans to increase the capacity of at least 29 of its 45 existing plants (17 wind and 28 solar farms throughout Germany with individual plants in France) from the current 457 MW to around 1.1 GW - an increase of mo...
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