Commerz Real’s impact real assets fund has bought a windfarm as its first Finnish asset.
Commerz Real said it has acquired the Kuuronkallio onshore wind farm for its Klimavest impact fund from developer WPD.
Financial details were undisclosed.
Jan-Peter Müller, the head of infrastructure investments at Commerz Real, said: “Scandinavia is an attractive market for us, and we are confident that we will be able to acquire additional assets there so as to diversify the fund portfolio.”
Müller said what attracted Commerz Real to the asset is the location, the established technology, “the renowned developer and, above all, securing stable cash flows for our investors”.
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