HIH Invest Real Estate has acquired a 25MW wind farm in Germany on behalf of its green energy fund from Energiequelle.
The investment manager has invested an unspecified amount on behalf of the HIH Green Energy Invest fund to acquire the wind farm near Steinheim in the north-eastern part of the German state of North Rhine-Westphalia.
HIH Green Energy Invest, a €750m Article 9 fund under the EU Sustainable Finance Disclosure Regulation, focuses on existing and ready-for-construction photovoltaics and wind power plants in Germany, France, Italy and Spain.
HIH said the fund will also consider investments in Benelux countries, the UK, Ireland, Poland, Portugal and the Nordics.
Alexander Eggert, managing director of HIH Invest, said: “We acquired Windpark Belle to supplement the portfolio of our HIH Green Energy Invest impact fund. It gives our institutional investors the chance to expand their commitments in the area of renewable energies and thereby to help bring about the energy transition.
“Aside from these sustainability aspects, this asset contributes 7% return on investment to our funds, so that it is also a rather lucrative investment.”
Kristof Krull, the head of infrastructure at HIH Invest, said: “The Windpark Belle wind farm will generate attractive revenues via the direct marketing of the produced energy, an approach that is secured by a government-guaranteed feed-in tariff over an operating period of 20 years. This enables us to ensure stable long-term earnings for the HIH Green Energy Invest fund.”
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