Commerz Real is making further progress in expanding the European portfolio of its impact fund Klimavest and acquiring a new wind farm in Finland. The asset has a rated output of 39.9 megawatts and was sold turnkey by Energiequelle. This is the second successful transaction with this international project developer, which has a track record of more than 1,500 megawatts of project volume.

"Finland is a highly attractive location for wind energy investments. Based on the positive experiences with the local framework conditions and with Energiequelle as the developer, we were able to expand the Klimavest fund portfolio with another high-yielding asset," says Michael Henn, Head of Green Deal Infrastructure at Commerz Real.

The wind farm comprises a total of seven individual turbines with a height of 126.5 metres. The grid connection took place in 2022. Ongoing full maintenance is the responsibility of renowned manufacturer Nordex in the long term. The developer and seller Energiequelle is responsible for the technical and commercial management of the wind farm.

The wind farm is located in the western Finnish region of North Ostrobothnia, in the municipality of Kalajoki approx. 450 km northwest of Helsinki. This is Commerz Real’s third wind power investment on the Gulf of Bothnia after a purchase in the municipality of Malaahti near the city of Vaasa in December 2022 and a transaction in the municipality of Kannus in summer 2021.