Web Exclusive | February 2017
TÜV SÜD supports CEZ Group in wind-farm acquisition
CEZ Group acquired eight wind farms from project developer wpd. The majority of the wind farms, which have a total of 35 wind turbines and installed capacity of 85.25 MW, are located in the northern part of Germany. The leading Czech energy supplier relies on TÜV SÜD's expertise for the necessary technical due diligence. “This is our first major acquisition on the Germany renewable energy market. Our wind farms in Germany produce over 210 GWh of electricity per year, supplying the power needs of almost 100,000 households,” says Tomáš Pleskac, Chief Renewables and Development Officer of CEZ Group. Additionally CEZ bought the Fohren-Linden wind farm, located in Rhineland-Palatinate, from investment and asset manager AREAM in December 2016. The wind farm has a capacity of 12.8 MW. TÜV SÜD also supported this acquisition, the first by CEZ in Germany, by providing technical due diligence services. With market capitalisation of approximately 8 billion euros, Czech energy supplier CEZ is one of the ten leading European energy suppliers.