Commerz Real has expanded its European portfolio for its Klimavest impact fund with the purchase of a new wind farm in Finland.
The asset has an installed capacity of 39.9MW and is being sold as a turnkey plant by the company Energiequelle.
This is Commerz Real’s second successful transaction with the international developer, whose track record encompasses a project volume of more than 1500MW.Commerz Real, head of green deal, Yves-Maurice Radwan said: “Finland is an extremely attractive location for wind energy investments.
“On the basis of the positive experiences with the local framework conditions and with Energiequelle as the developer we have been able to expand the Klimavest fund portfolio to include a further profitable asset.”The wind farm encompasses a total of seven individual turbines with a height of 126.5 metres.
Connection to the mains grid took place in 2022.
The long-term servicing and maintenance is the re-sponsibility of the renowned manufacturer Nordex, while the developer and seller Energiequelle is responsible for the technical and commercial operational management of the site. The wind farm is located in the Pohjois-Pohjanmaa region in western Finland, in the municipality of Kalajoki approx 450km north-west of Helsinki.
It is already the third wind power investment by Commerz Real in the Gulf of Bothnia following an acquisition in the municipaility of Maalahti close to the city of Vaasa in December 2022 and a transaction in the municipality of Kannus in the summer of 2021.