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Commerz Real invests in EnBW’s wind farm portfolio

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Energy Global,


For its Klimavest impact fund, Commerz Real has acquired 49.9% of a portfolio of 14 onshore wind farms belonging to EnBW Energie Baden-Württemberg AG (EnBW), comprising 47 wind turbines and a total capacity of 133 MW. Located at various sites in the German states of Baden-Württemberg, Brandenburg, Rhineland-Palatinate and Saarland, the wind farms were developed and built by EnBW and the majority of them went into operation in 2017.

EnBW will continue to manage, service and maintain the wind farms and market the green power they generate. The annual output of some 300 GWh is enough to meet the needs of over 100 000 three-person households in Germany. All of them benefit from a feed-in tariff under the German Renewable Energy Sources Act.

Completion of the transaction is subject to clearance by relevant regulatory authorities and is expected for spring 2021. Both parties have agreed not to disclose the purchase price.

EnBW Chief Financial Officer, Thomas Kusterer: “In Commerz Real, we are delighted to have found an investor with a long-term commitment to ENBW’s projects. The partnership covers the entire operating life of the wind farms. We plan to invest the sale proceeds in new growth projects, primarily in the renewable energy segment.”

 

 

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Read the article online at: https://www.energyglobal.com/wind/23022021/commerz-real-invests-in-enbws-wind-farm-portfolio/

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