European Energy AS has sold the Henglarn onshore wind project in Germany to DaVinci Energy, marking a clean exit from a newly operational asset backed by long-term tariff support.

The project is located in North Rhine-Westphalia and consists of a single Enercon E-160 EP5 E3 turbine with an installed capacity of 5.56 MW. Importantly, the asset reached commercial operation in Jul-2025, placing the transaction firmly in the operational, post-risk phase.

The key driver behind the deal is revenue certainty. The project benefits from a 20-year feed-in premium awarded by the Federal Network Agency in Feb-2025 under Germany’s EEG framework. This structure eliminates merchant exposure and locks in predictable cash flows from day one.

What matters commercially is the timing. The sale occurred shortly after COD, indicating a deliberate capital recycling strategy rather than a distressed or balance-sheet-driven exit. For buyers, this reflects a clear preference for fully de-risked, tariff-backed onshore wind assets, even at small scale.

The transaction signals continued liquidity for sub-10 MW operational wind projects in Germany, provided they carry EEG-backed revenues and no remaining execution risk.

Watson Farley & Williams acted as legal advisor to European Energy on the transaction.

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