Encavis Asset Management has implemented the acquisition of another German wind farm portfolio for the Luxembourg-based special fund Encavis Infrastructure II (EIF II).
The special fund, which is offered exclusively by BayernLB and specially designed for banks and savings banks, is administered by the service KVG HANSAINVEST LUX.
The four plants, located in the regions Northrhine-Westfalia, Rhineland-Palatinate and Saarland, provide 41,000 households annually with green electricity and save 51,000 tonnes of harmful CO2.
The total generation capacity of the plants adds up to 53 megawatts (MW). The wind farms were developed and realized by the renewable energy company BayWa r.e.
“Large transactions in the wind energy are hard to find in Germany and require a lot of specialist expertise and strong partnerships.”Karsten Mieth, speaker of the board of Encavis Asset Management.
More than 50 local savings banks have signed the EIF II and are currently invested for almost two-thirds in German wind and solar parks and one third in wind and solar parks in France, the Netherlands and Finland.