European Energy Divests 50% of 32.8 MW Zeitz Onshore Wind Project in Saxony-Anhalt to QEEE Fund
European Energy has signed an agreement to divest a 50% stake in the 32.8 MW Zeitz onshore wind project in Saxony-Anhalt, Germany, to the QEEE fund managed by Quadoro and EB-SIM. The six-turbine Nordex project secured an EEG tariff in December 2024, with main construction starting Q2 2026 and commissioning expected between November 2026 and February 2027. European Energy will remain responsible for construction, delivery and asset management.
Transaction date: · Source: europeanenergy.com
Key facts
- Transaction date
- Technology
- Onshore Wind
- Capacity
- 33 MW
- Transaction price
- Not disclosed
- Buyer
- QEEE Fund
- Seller
- European Energy
- Country
- Germany
- Region
- Saxony-Anhalt
- Location
- Zeitz, Saxony-Anhalt, Germany
- Continent
- Europe
- Development status
- Under Construction
- PPA
- Yes
Technology details
Six Nordex turbines: two Nordex N163/6.8 TCS164 and four Nordex N133/4.8 TCS164, with a total planned capacity of 32.8 MW. Initial site preparation (crane areas and foundations) already underway. Main construction planned for Q2 2026. Commissioning expected between November 2026 and February 2027. Project secured an EEG tariff in December 2024.
Power purchase agreement (PPA)
Project secured an EEG tariff in December 2024 under Germany's renewable energy framework, providing a secured revenue structure.
Additional information
European Energy divests 50% stake; ownership structure of retained stake not specified. European Energy remains responsible for construction, delivery and asset management post-commissioning. This is the second transaction between European Energy and an EB-SIM advised fund in Germany. Financing provided by Landesbank Baden-Württemberg. Legal advisory by Bird & Bird.
Source
Original announcement: https://europeanenergy.com/2026/03/30/european-energy-divests-part-of-wind-project-in-germany-to-qeee-fund/