CEE Group’s repowering refi: a portfolio blueprint?
In this article by IJGlobal, Thomas Gummert, Infrastructure Partner at Eight Advisory, is quoted on the innovative structure and execution of CEE Group’s (CYCAP) €1.6 billion refinancing, one of Europe’s first fund-level repowering financings.
CEE Group (CYCAP), owned by Brookfield Asset Management, consolidated over 40 wind and solar assets in Germany and France into CEE Renewable Fund 9 (RF9), a €500 million, 20-year vehicle. This strategic move allowed CEE Group to refinance legacy debt at the portfolio level, enabling a phased repowering programme that will nearly triple installed capacity from 457MW to 1.1GW, all without requiring additional equity.
Project Blue’s financing structure, a club deal with six major lenders, offers flexibility to redevelop assets, preserves long-term investor relationships, and sets a new benchmark for renewable asset management. The transaction’s innovative risk allocation and portfolio approach provide a blueprint for future repowering deals, reflecting growing lender appetite for diversified, long-term cashflows in the European renewables market.
Eight Advisory acted as financial, modelling and tax adviser to CEE Group on this landmark transaction.
Read the full article by Antonia Kokalova-Gray published in IJGlobal on March 05th, 2026.
