Blue Elephant Energy acquires 381 MW wind portfolio from WIND-projekt

Blue Elephant Energy's acquisition of a 381 MW operational onshore wind portfolio from WIND-projekt for an estimated €650 million immediately scales its European renewable generation capacity. This transaction, valuing the assets at approximately €1.7 million per megawatt, provides BEE with established, revenue-generating assets in northern Germany. The portfolio's location across Rostock, Mecklenburg-Western Pomerania, leverages a region known for its strong wind resources, offering stable long-term cash flows. For BEE, an independent asset manager and developer, this deal directly aligns with its strategy to acquire and operate wind energy projects across Europe. This substantial addition of operational capacity enhances BEE's footprint within the German energy market. WIND-projekt, a Güstrow, Germany-based developer and operator with over 30 years of experience in onshore wind, monetizes a substantial portion of its developed assets through this sale. This allows the seller to potentially recycle capital, leveraging its deep regional expertise in planning, construction, and operation of German wind farms. White & Case, a global law firm with over 2,600 lawyers across 44 offices, advised the buyer, indicating the complex, high-value nature of the €650 million infrastructure transaction. For Blue Elephant Energy, this acquisition directly expands its portfolio of operational wind assets, reinforcing its position as an active participant in the European renewable energy sector. The deal demonstrates continued investor appetite for mature, operational wind assets in Germany.