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Press Release Klimavest acquires indirect stake in transmission system operator Amprion

21.11.2024 • 3 Reading Time

Es wird eine Stromtrasse des Stromnetzbetreibers Amprion dargestellt. Im Vordergrund grüne Wiesen, im Hintergrund hügelige Waldlandschaft.

Highlights

  • First open-ended private investor fund to enable investment in power grid expansion in German
  • Regulated asset class with stable returns
     
Klimavest is the first open-ended fund through which private investors in Germany can invest in the power grid and its expansion, which is so crucial for the implementation of the energy transition.
Timo Werner
Timo Werner
klimaVest fund manager

The balance sheet total of Amprion GmbH was around 17.6 billion euros at the end of 2024, with an operating profit before interest and taxes (EBIT) of around 1.2 billion euros.

With the stake Klimavest aims to invest long-term in the expansion and modernization of power grids in Germany, expanding its existing portfolio of wind and solar parks to include the grid infra-structure asset class.

Grid expansion is a key element for the successful implementation of the energy transition and will be massively advanced in the coming years,” explains Michael Henn, Global Head of Green Deal Infrastructure at Commerz Real. “Billions of euros in investment are needed for this.
michael-henn-global-head-of-infrastructure-01.jpg
Michael Henn
Global Head of Green Deal Infrastructure at Commerz Real

About Commerz Real

Commerz Real is the asset manager for tangible asset investments of the Commerzbank Group and has 52 years of international experience in the market. More than 800 employees manage assets worth around 35,5 Billion Euro billion euros at the headquarters in Wiesbaden as well as at 17 other locations and branches in Germany and abroad.