Press Release Commerz Real acquires solar projects in Sweden
23.04.2024 • 3 Reading Time
Highlights
- Complete acquisition of the first two PV projects from a 5-part development portfolio
- Wing Fields and Gas Light have reached ready-to-build status: Planned nominal output of around 90 MWp
Commerz Real AG has acquired two ready-to-build solar parks in Sweden for its Klimavest fund: Wing Fields and Gas Light. The planned nominal output of the two plants located in southern Sweden is around 90 megawatt peak (MWp).
At the end of 2022, Commerz Real had secured the rights to purchase a total of five solar projects with a total nominal output of 270 MWp. With Wing Fields and Gas Light, the first two projects from this series have now reached ready-to-build status and have been completely acquired for Klimavest.
At the end of 2022, Commerz Real had secured the rights to purchase a total of five solar projects with a total nominal output of 270 MWp. With Wing Fields and Gas Light, the first two projects from this series have now reached ready-to-build status and have been completely acquired for Klimavest.
We identified Sweden as an attractive location for diversifying our portfolio at an early stage. Generally linked to wind and hydropower, Sweden also offers attractive conditions for photovoltaics, especially the sunny south of the country.
In addition to Sweden, Klimavest has invested in solar and wind farms in Germany, Finland, France and Spain.
Swedish company Helios Nordic Energy is the developer and seller of the two projects. The local business partner stays involved and will initially take over construction management and, after commissioning the plants, technical and commercial operations management. The larger project, Wing Fields, has a planned nominal output of 49.4 MWp. It is located in the province of Södermanland, about 100 kilometers south of Stockholm. The second project, Gas Light, is located near Gothenburg and has a planned nominal output of 39.2 MWp.
The two projects continue the successful cooperation with Helios: The Kings Roar solar power plant in Sweden with a nominal output of around 22 MWp was successfully commissioned last year. Kings Roar was acquired by Commerz Real for another fund.
Swedish company Helios Nordic Energy is the developer and seller of the two projects. The local business partner stays involved and will initially take over construction management and, after commissioning the plants, technical and commercial operations management. The larger project, Wing Fields, has a planned nominal output of 49.4 MWp. It is located in the province of Södermanland, about 100 kilometers south of Stockholm. The second project, Gas Light, is located near Gothenburg and has a planned nominal output of 39.2 MWp.
The two projects continue the successful cooperation with Helios: The Kings Roar solar power plant in Sweden with a nominal output of around 22 MWp was successfully commissioned last year. Kings Roar was acquired by Commerz Real for another fund.
About Commerz Real Group
Commerz Real, a Commerzbank Group company, stands for 52 years of market experience and a managed volume of around {{assetundermanagement}} billion euros. It combines comprehensive asset management know-how and broad structuring expertise to create its characteristic range of services comprising asset-oriented fund products and customised financing solutions. The range of funds includes the open-ended property fund Hausinvest, the first private investor impact fund with a real asset focus Klimavest, institutional investment products and entrepreneurial investments under the CFB Invest brand.
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