Commerz Real has purchased the Lumivaara wind farm in Finland for its Klimavest fund.
Financial details were not disclosed.
The on-shore wind farm with eight turbines has a nominal capacity of 45.6 megawatts (MW) and was handed over by the seller Energiequelle on a turnkey basis.
Commerz Real had previously purchased the Takanebacken (December 2022) and Torvenkylä (March 2023) wind farms for Klimavest from the international project developer.
The Lumivaara wind farm, which has now been connected to the grid, can cover the calculated annual demand of more than 20,000 average Finnish households, according to estimates.
Yves-Maurice Radwan, head of green deal infrastructure at Commerz Real, said: 'Finland offers excellent conditions for wind energy and the legal framework for the construction and operation of subsidy-free wind farms is also very favourable.
'We have therefore seized the opportunity to secure another profitable asset for our investors in cooperation with Energiequelle.'
Together with Lumivaara, Klimavest now owns a total of four operational wind farms in Finland with a total capacity of more than 170 megawatts. Besides Finland, the fund’s investments focus on Spain, Germany, France and Sweden.
The Lumivaara wind farm is located in the municipality of Hyrynsalmi, part of the Kainuu region, about 560 kilometres north of Helsinki.
Turbine manufacturer Nordex is responsible for ongoing full maintenance, while Energiequelle is responsible for the technical and commercial management of the wind farm.
