Commerz Real has acquired a new wind farm in the Irish Midlands for its klimaVest fund. The acquisition of the Moanvane wind farm in Offaly County marks klimaVest’s entry into the Irish renewable energy market. The park has been in operation since the end of September 2024 and is located about 90 minutes west of Dublin by car. It consists of twelve Nordex turbines with an installed capacity of 57.6 megawatts (MW). The wind farm delivers secured income to the fund based on a 15-year power purchase agreement (corporate PPA).
With this strategic acquisition, klimaVest is further diversifying its tangible asset portfolio of renewable energies in Europe.
Ireland is a very attractive location due to its unique and favourable wind conditions, which are close to offshore. Wind power accounts for one third of the country’s electricity supply and is becoming an increasingly important part of the Irish energy mix.
In addition to Ireland, klimaVest is invested in 43 solar and wind farms in Germany, Finland, Sweden, France and Spain.
The Moanvane wind farm was developed and sold by Statkraft, Europe’s largest renewable energy producer. Statkraft will continue to provide operational management services for the project. The wind farm also includes an expanded hiking trail, which is scheduled to be completed in the first quarter of 2025. The six-kilometre route will be accessible to the public as a safe pedestrian route and will enrich the local ecosystem with measures to promote biodiversity.
With the launch of klimaVest in 2020, Commerz Real is one of the pioneers in open renewable energy infrastructure funds for private investors. Klimavest currently has assets under management of more than 1.4 billion euros. The fund enables private investors to invest in the transformation of the European economy with real renewable energy projects.
Commerz Real AG is the asset manager of the Commerzbank Group and has 50 years of international market experience. The company combines extensive know-how in asset management with broad structuring expertise and uses this expertise to develop tangible asset-oriented fund products and individual investment solutions in the real estate and infrastructure sectors. As a leasing service provider of Commerzbank, Commerz Real Mobilienleasing also offers needs-based leasing concepts.
Since 2025, the Commerzbank Group’s asset management holdings have been bundled with Commerz Real AG. In addition to Commerz Real’s brands and products, these include the Aquila Capital investment company with a focus on sustainable tangible asset investments in the area of energy infrastructure and Yellowfin as a boutique for liquid investment strategies. Under the umbrella of Commerz Real AG, a total of around 1,000 employees manage assets of around EUR 55 billion at around 20 locations.
A Commerzbank Group company