Commerz Real has purchased the Lumivaara wind farm in Finland for its Klimavest fund. The onshore wind farm with eight turbines has a rated output of 45.6 megawatts (MW) and was handed over turnkey by the vendor Energiequelle.
Previously, Commerz Real had already purchased the Takanebacken (December 2022) and Torvenkylä (March 2023) wind farms for the Klimavest from the international project developer. The now connected Lumivaara wind farm can cover the calculated annual demand of more than 20,000 average Finnish households with its forecasted electricity production.
Finland offers excellent conditions for wind energy and the regulatory framework for the construction and operation of subsidy-free wind farms is very good. We therefore took the opportunity to secure another high-yield property for our investors in cooperation with Energiequelle.
Together with Lumivaara, Klimavest now owns a total of four operational wind farms in Finland with a total output of more than 170 megawatts. The fund’s other investment focuses are Spain, Germany, France and Sweden.
The Lumivaara wind farm is located in the municipality of Hyrynsalmi, part of the Kainuu region, about 560 km northeast of Helsinki. Ongoing full maintenance is carried out by turbine manufacturer Nordex, while Energiequelle is responsible for the technical and commercial operation of the park.
Commerz Real AG is the asset manager of the Commerzbank Group and has 50 years of international market experience. The company combines extensive know-how in asset management with broad structuring expertise and uses this expertise to develop tangible asset-oriented fund products and individual investment solutions in the real estate and infrastructure sectors. As a leasing service provider of Commerzbank, Commerz Real Mobilienleasing also offers needs-based leasing concepts.
Since 2025, the Commerzbank Group’s asset management holdings have been bundled with Commerz Real AG. In addition to Commerz Real’s brands and products, these include the Aquila Capital investment company with a focus on sustainable tangible asset investments in the area of energy infrastructure and Yellowfin as a boutique for liquid investment strategies. Under the umbrella of Commerz Real AG, a total of around 1,000 employees manage assets of around EUR 55 billion at around 20 locations.
A Commerzbank Group company