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Commerz Real acquires 16.8MW German wind farm from BVT Group

Published 25 October 2017

Commerz Real Capital-Management has acquired the 16.8MW Flaeming wind farm from BVT Group for about €37.2m.

The wind farm which has been operating since 2017, is located in the Southern part of Brandenburg in Germany. The seven wind turbines originate from the renowned German manufacturer Nordex, with whom there is a full service agreement for 15 years. Pursuant to the Act on Granting Priority to Renewable Energy Sources (EEG 2017) the term of the guaranteed feed-in tariff is 20 years and ends in 2036.

“CR Institutional Renewable Energies Fund”, which was conceived as a closed-end special AIF (alternative investment fund) and launched in the autumn of 2016, reported its first closing at the beginning of 2017 with the acquisition of two wind farms in Brandenburg with a total investment volume of approx. 105 million euros. Only recently Commerz Real had acquired an additional wind farm to the north east of Saarbrücken with an investment volume of 45 million euros. In the medium term the special fund is to be developed into a diversified portfolio of onshore wind farms focusing on Germany with a total volume of approx. 300 million euros for professional and semi-professional investors. “It is our objective to acquire additional plants that will be connected to the national grid by 2018 and thus be covered by the existing, state-guaranteed feed-in tariffs under the Act on Granting Priority to Renewable Energy Sources,” explains Johannes Anschott, the member of the board of managing directors of Commerz Real responsible for institutional business.

Source: Company Press Release