Bayerische Versorgungskammer has bought a €60m finance facility from DekaBank, secured by a German wind farm portfolio.
DekaBank said it had initially provided a €125m infrastructure loan for Swisspower’s purchase of wind parks in Germany.
The portfolio includes 18 independent wind parks in Germany with 85 wind turbines. The systems were installed between 2002 and 2009.
Swisspower Renewables invested in the portfolio through its Swisspower Renewables Wind 1 wholly-owned subsidiary.
BVK said DekaBank is one of two banks it is now working with on strategic infrastructure financings.
Constantin Echter, head of fixed income investments at BVK, said the fund would like to expand infrastructure debt investments in the coming years to make the asset class a significant component of its fixed income portfolio.
”DekaBank is a trusted partner and we aim to work together over the long-term,” Echter said. “We are already working on joint financing for other projects.”
No comments yet