Main office Wiesbaden

Friedrichstraße 25
65185 Wiesbaden

Tel.: +49 611 7105-0

Fax: +49 611 7105-5410


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we are glad about your interest in our company.

13.02.2019

Commerz Real and Ingka Group with over 400-million Euro investment in North-Sea offshore wind farm Veja Mate

As the largest stakeholders in a consortium, Commerz Real and Ingka Group have acquired a stake of more than 200 million euros each in the project company for the Veja Mate offshore wind park in the North Sea.

Read more

Main office Wiesbaden

Friedrichstraße 25
65185 Wiesbaden

Tel.: +49 611 7105-0

Fax: +49 611 7105-5410


Social Media

Search

Social Media

Dear visitor,
we are glad about your interest in our company.

13.02.2019

Commerz Real and Ingka Group with over 400-million Euro investment in North-Sea offshore wind farm Veja Mate

As the largest stakeholders in a consortium, Commerz Real and Ingka Group have acquired a stake of more than 200 million euros each in the project company for the Veja Mate offshore wind park in the North Sea.

Read more

Press release

Commerz Real acquires wind parks seven and eight for special fund

  • 5 wind turbines built by Vestas and Nordex in Rhineland-Palatinate and Saarland
  • Total output of 16.2 megawatts

Commerz Real Kapitalverwaltungsgesellschaft (KVG) has purchased two wind parks in Rhineland-Palatinate and in Saarland with a total power output of 16.2 megawatts for its “CR Institutional Renewable Energies Fund”, and thus increased the portfolio to eight assets. The seller is the international project developer BayWa r.e. from Munich. The technical operational management of the plants will remain the responsibility of BayWa r.e. It was agreed that confidentiality be maintained on the purchase price.

The wind park in Spechenwald, Saarland (Saarlouis rural district) comprises three wind turbines built by Nordex with a power output of 9.0 megawatts and went into operation in September 2018. The Sien wind park in the Birkenfeld rural district in Rhineland-Palatinate comprises two wind turbines built by Vestas with a total output of 7.2 megawatts and is due to be commissioned in January 2019. Both parks have a service life of 25 years. In each case there is a full-service agreement for a period of 20 years with the manufacturers of the turbines.

“CR Institutional Renewable Energies Fund” is structured as a closed-end special AIF (alternative investment fund) and is developing a diversified portfolio of onshore wind parks in Germany with a total volume of approx. 300 million euros for professional and semi-professional investors.

Commerz Real was advised on legal and tax aspects of the transactions by Baker McKenzie, Berlin, and on technical aspects by TÜV SÜD Industrie Service, Munich.

Press release - Acquisition of the wind parks seven and eight for special fund

CR_Institutional_RE_Fund_Sien-Spechenwald_Akquisition_PR.pdf