Press Release klimaVest acquires solar park project in France
11.03.2025 • 3 Reading Time
Highlights
- Park near Troyes set to cover electricity demand of 11,000 households
- Completion and commissioning planned for 2025
Commerz Real has acquired a ready-to-build solar park in eastern France for its Klimavest fund. The Amance photovoltaic power plant is located in the Aube department, close to the city of Troyes. It will cover an area of 42 hectares and have a capacity of 47 megawatts peak. Construction has already commenced, with completion and commissioning scheduled for September. The seller is the renewable energy company BayWa r.e., which is developing the solar park and will also be respon-sible for the subsequent technical and commercial management. Once in operation the solar park is set to meet the average energy consumption of about 11,000 French households.
Through the acquisition klimaVest is further diversifying its portfolio of renewable energy real assets in Europe.
Through the acquisition klimaVest is further diversifying its portfolio of renewable energy real assets in Europe.
France is an attractive investment location for solar and wind power projects thanks to its economic and political framework conditions. In BayWa r.e. we have an experienced partner by our side, and one with whom we have already successfully collaborated in the past.
The generated electricity is intended to be marketed through the fixed state feed-in tariff in combina-tion with a long-term power purchase agreement (PPA) with a commercial bulk buyer.
With the launch of klimaVest in 2020 Commerz Real ranks among the pioneers for open-ended renewable energy infrastructure funds for private investors. klimaVest currently has managed assets totalling 1.5 billion euros and allows private investors to invest in the necessary transformation of the European economy through real renewable energy projects. The portfolio encompasses more than 40 wind power and photovoltaic investments in six countries.
With the launch of klimaVest in 2020 Commerz Real ranks among the pioneers for open-ended renewable energy infrastructure funds for private investors. klimaVest currently has managed assets totalling 1.5 billion euros and allows private investors to invest in the necessary transformation of the European economy through real renewable energy projects. The portfolio encompasses more than 40 wind power and photovoltaic investments in six countries.
About Commerz Real Group
Commerz Real AG is the asset manager of Commerzbank Group and has 50 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 Real Mobilienleasing 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 Investmentgesellschaft, with a focus on sustainable real asset investments in the energy
infrastructure sector, as well as Yellowfin, a boutique for liquid investment strategies. Under the umbrella of Commerz Real AG, a total of appapproximately 1,000 employees at around 20 locations
manage assets of approximately €55 billion.
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 Real Mobilienleasing 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 Investmentgesellschaft, with a focus on sustainable real asset investments in the energy
infrastructure sector, as well as Yellowfin, a boutique for liquid investment strategies. Under the umbrella of Commerz Real AG, a total of appapproximately 1,000 employees at around 20 locations
manage assets of approximately €55 billion.
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Focus on renewable energies