- Commerz Real continues to expand its renewables portfolio
- Turnkey onshore wind farm Lumivaara covers the electricity needs of more than 20,000 average households
- Fourth Klimavest wind farm in Finland - total capacity over 170 MW
News ReleasesCommerz Real acquires new Klimavest wind farm in Finland
Time to read4 min.
updated at04/23/2024
CategoryNews Releases
Featured Benefits
Commerz Real has purchased the Lumivaara wind farm in Finland for its Klimavest fund. The onshore wind farm with eight turbines has a rated output of 45.6 megawatts (MW) and was handed over turnkey by the vendor Energiequelle.
Previously, Commerz Real had already purchased the Takanebacken (December 2022) and Torvenkylä (March 2023) wind farms for the Klimavest from the international project developer. The now connected Lumivaara wind farm can cover the calculated annual demand of more than 20,000 average Finnish households with its forecasted electricity production.
Finland offers excellent conditions for wind energy and the regulatory framework for the construction and operation of subsidy-free wind farms is very good. We therefore took the opportunity to secure another high-yield property 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 output of more than 170 megawatts. The fund’s other investment focuses are Spain, Germany, France and Sweden.
The Lumivaara wind farm is located in the municipality of Hyrynsalmi, part of the Kainuu region, about 560 km northeast of Helsinki. Ongoing full maintenance is carried out by turbine manufacturer Nordex, while Energiequelle is responsible for the technical and commercial operation of the park.
About Commerz Real
Commerz Real AG is the asset manager of Commerzbank Group and has 54 years of international market experience. The company combines comprehensive asset management expertise with broad structuring capabilities, developing tangible asset-oriented fund products and individual investment solutions in the areas of real estate and infrastructure. As the leasing service provider of Commerzbank, Commerz Leasing also offers tailored leasing concepts.
Since 2025, the asset management subsidiaries of Commerzbank Group have been bundled under Commerz Real AG. In addition to the Commerz Real brands and products, these include Aquila Capital, with a focus on real asset investments in the energy infrastructure sector, as well as Yellowfin Asset Management, a boutique for liquid investment strategies. Under the umbrella of Commerz Real AG, a total of approximately 1,000 employees at around 20 locations manage assets of more than 55 billion billion.
Media contact
Focus on renewable energies
Maurice Farrouh
+49 611 7105 4405maurice.farrouh@commerzreal.com