Dutch real estate investor Asr Real Estate unveiled its ASR Dutch Green Energy Fund I, marking its entry into the infrastructure sector.
With an initial investment of €400 mln and a target of €800 mln, the fund will primarily focus on solar and wind energy projects in the Netherlands, and will also explore opportunities in energy storage solutions.
As the sixth sector fund and the first infrastructure fund, ASR Dutch Green Energy Fund I has already assembled a portfolio of four wind farms and one solar park. ASR Levensverzekering is the fund's anchor investor.
Open to professional investors, the fund offers a chance to contribute to a greener Netherlands. With a 20-year investment horizon, the ASR Dutch Green Energy Fund I aims to power over 200,000 households through its current portfolio of 48 wind turbines and 60,000 solar panels, generating 583 GWh of clean energy annually.
Dick Gort, CEO Asr Real Estate, said: ‘With this fund we want to further contribute to the energy transition together with investors. By establishing the ASR Dutch Green Energy Fund I, we further expand our real estate asset management platform. With this, we are fulfilling our mission to create perpetual value for our investors and society at large.’
The ASR Dutch Green Energy Fund I is dedicated to investing in renewable energy projects that drive the Netherlands' energy transition. At least 95% of the fund's assets will be allocated to investments directly or indirectly contributing to this goal. The fund aims to align its investments with the EU Taxonomy, making a substantial contribution to climate change mitigation as defined by EU regulations.
