Commerz Real has purchased the Heinsberg wind farm in the North Rhine-Westphalia administrative district of the same name for its newly launched Klimavest Impact fund.
The seller is Energiekontor, the developer and operator of wind farm and solar parks based in Bremen. Commerz Real also recently bought a wind farm in Beckum in the Münsterland region from the same company, for Klimavest as well.
The Heinsberg wind farm consists of three wind turbines, which were placed into operation in 2017 and have a residual service life of 25 years. They originate from the renowned German provider Nordex, with whom a full service agreement has initially been in effect for 15 years.
The assured tenure for feed-in tariffs under the Renewable Energies Act (EEG 2017) is 20 years and expires in 2037. With an installed capacity of 7.3 megawatts and an estimated annual output of electricity.
The farm will meet the electricity needs of almost 4,600 German households by 18,7 million kilowatt-hours.
Klimavest is Germany’s first impact fund focused on real assets for private investors. Over a duration of at least 50 years, it is intended to grow a portfolio of renewable energy generation plants, as well as sustainable infrastructure, mobility and forestry with a value of at least €25 billion and thus to acquire approximately €10 billion of equity capital.
In comparison to traditional sustainability funds, Klimavest is investing in assets that make a tangible and thus demonstrable contribution to the reduction of carbon dioxide (CO2) emissions. In addition, the new EU Taxonomy Regulation provides for additional strict sustainability criteria.
Investors will participate upwards of €10,000 and, very apart from value appreciation, periodically report on the effect of the assets in the fund on the climate.