News ReleasesRenewable energies fund klimaVest of Commerz Real reaches one billion euros in fund volume

Two years after its launch, the tangible assets fund Klimavest reached an equity volume of one billion euros. The portfolio of the Commerz Real renewable energy fund currently comprises 33 operational wind and solar parks as well as ten solar park project developments in Germany, France, Spain, Finland and Sweden. "Distributors and retail investors are reflecting continued demand for investments in renewable energy. Given the high importance of a renewable energy supply in Europe, we expect a further acceleration of the energy transition and new attractive investment opportunities for investors," says Timo Werner, fund manager of Klimavest.

klimaVest is a “European Long-Term Investment Fund” (ELTIF) and aims to build up a broad portfolio of investments for the generation of renewable energies as well as from sustainable infrastructure. In the medium term, the open-ended fund is expected to reach a volume of ten billion euros. klimaVest invests in tangible assets that make a demonstrable contribution to avoiding greenhouse gas emissions. In doing so, the Fund takes into account the sustainability parameters in accordance with the applicable EU Taxonomy Regulation and the transparency requirements for an impact fund in accordance with the EU Disclosure Regulation. The fund management aims to achieve a return (using the BVI method) of between 3.5% and 4.5% for the calendar year 2023. Investors can participate from 10,000 euros and receive regular reports on the climate impact achieved by the assets in the fund in addition to their performance. An investment horizon of at least five years is recommended. Units in the open-end fund can be redeemed on any trading day at the net asset value. In the past fund financial year 2021/2022, the existing plants generated a total of 661 gigawatt hours of green electricity. According to data from the Federal Statistical Office, this quantity corresponds to the electricity requirements of more than 200,000 German households. Further information about the fund can be found at www.klimavest.de.