Commerz Real, the asset management subsidiary of Commerzbank, has announced the purchase of a new wind farm in Finland for its Klimavest impact fund. The wind farm, with an installed capacity of 39.9 MW, is located in the Pohjois-Pohjanmaa region in western Finland, and comprises of seven individual turbines with a height of 126.5 m. The asset is being sold as a turnkey plant by the international project developer, Energiequelle, marking the second successful transaction with the company.
“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,” said Yves-Maurice Radwan, Head of Green Deal Infrastructure at Commerz Real.
See also: Enersense International Awarded Contract for Construction of Oosinselkä Wind Farm in Finland
The wind farm has already been connected to the mains grid since 2022, and Nordex, the manufacturer, will be responsible for the long-term servicing and maintenance of the asset. Meanwhile, Energiequelle will be responsible for the technical and commercial operational management of the wind farm.
This acquisition marks the third wind power investment by Commerz Real in the Gulf of Bothnia, following an acquisition in the municipality of Maalahti close to the city of Vaasa in December 2022, and a transaction in the municipality of Kannus in the Summer of 2021. Commerz Real's expansion of its European portfolio for its Klimavest impact fund demonstrates the company's commitment to investing in sustainable energy and driving the energy transition forward.
