In 2018, Obton commenced development of a completely new solar PV plant near the Dutch town of Roosendaal. The finished installation, with a capacity of almost 35 MW, has now been sold to the Hamburg-based investment company CEE Group, which has more than 20 years of experience in the field of renewable energy projects.

The new solar PV plant was connected to the national grid in August 2021, and the 78,000 solar PV-modules it comprises can deliver green energy to around 10,000 households annually. 

Working closely with Green IPP, Obton’s Dutch joint venture partner, Nicky Larsen, Senior Business Developer at Obton, took the lead in the development of the installation and the subsequent sale to CEE Group. He is delighted that the sale has now been completed.

“It was a fantastic experience to be part of this exciting development project. Three years ago, we started with nothing but an empty field, and today we have delivered a brand new, ultra-efficient solar PV plant to CEE Group. We have been supported by Bankhaus von der Heydt acting as exclusive financial advisor for the sale and all working relationships associated with the project were distinguished by authentic professionalism and a high level of confidence, and we are all thrilled with the sale,” says Nicky Larsen.

Part of a new growth strategy

Just like Nicky Larsen, Anders Marcus, CEO of Obton, is extremely satisfied with the sale to CEE Group.

“We’re incredibly proud to have been able to develop a solar PV plant of this size from scratch, and then to sell it on to a large, professional, institutional investor with a solid track record in the purchase and management of energy projects. We view this as a seal of approvement of Obton as a solar energy project developer,” he says, adding that in the future, Obton will be looking to complete many more deals of this kind with major institutional investors.

“The sale to CEE Group emphasizes a new and important part of our growth strategy in the run-up to 2025. We already have a large number of new development projects in the pipeline, so we expect significant growth in this area going forward. At the same time, it’s important for us to shoulder our responsibility and contribute to the green transition all over the world. And we are convinced that this is an area in which our growth strategy can exert substantial influence,” says Anders Marcus.

About CEE Group:

CEE Group is a German asset management company specialising in solar and wind energy projects. The company administrates assets worth around EUR 1.9 billion in a portfolio that currently comprises a total of 42 onshore wind farms and 34 solar farms. CEE Group’s customer base is principally composed of institutional investors with an interest in renewable energy.