A man in a grey suit stands smiling in front of two framed letters on the wall.

klimaVestThe Renewable Energies Fund

klimaVest1 is the renewable energy fund of Commerz Real. For private investors who want to participate in the energy transition.
Illustration of wind turbines and solar panels in a forested landscape with a cyclist on a path.

Investing in electricity and grids

Wind farms in Ireland, solar plants in France, electricity grids in Germany: klimaVest is investing in the infrastructure that Europe needs for the energy transition. As an ELTIF (European Long-Term Investment Fund), the fund also makes this asset class accessible to retail investors - with a minimum investment of EUR 10,000.

The special feature is that klimaVest combines a target return of 3.5 to 4.5 percent p.a.2 with a measurable3 contribution to limiting global warming in line with the goals of the Paris Agreement. Both can be tracked at klimavest.de.
What we have achieved since 2020

klimaVest in figures

ISIN LU2183939003
WKN KLV100
  • 1.8 billion euros
    Fund volume - thus the largest ELTIF in Europe4
  • 43 systems
    Wind and solar in 6 EU countries, transmission grids in Germany
  • 30,000
    Investors trust klimaVest in their money
All klimaVest key figures at a glance

klimaVest product brochure

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German Version

klimaVest fund fact sheet

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German Version
From the portfolio

Amprion, Germany

In 2024, klimaVest invested in transmission grids for the first time - with an indirect stake in Amprion, one of Germany’s largest electricity grid operators. A step that shows: The energy transition requires not only energy generation, but also the lines that bring electricity to where it is needed.
Discover klimaVest
View from below through a power tower into the blue sky with white clouds.
A man in a grey suit stands in front of a structured, weathered wall and smiles into the camera.
Timo Werner
klimaVest fund manager since the first hour in 2020
klimaVest is the first open-ended fund through which private investors can invest in the area of the electricity grid that is so important for the implementation of the German energy transition and its expansion. 

klimaVest news

Solar panels and windmills on a farm with tractor and animals, power tower on the left, trees frame the scene.
Renewable energy
Wind. Sun. Nets: Investing in the energy transition.
Offshore wind farm at sunset, with several wind turbines in a row over calm water.
Wind energy
Floating offshore: Offshore wind power explained
A person in a white shirt sitting at a round wooden table under a black lamp with a smile.
Interview
Talking sustainably with: Andreas Goetz

The opportunities provided by klimaVest

  • Invest conveniently and easily in primarily environmentally sustainable assets in the infrastructure sector
  • Broad risk diversification across different countries, locations, asset classes (e.g. energy generation, energy transmission, transport and mobility) and within the asset classes (e.g. onshore and offshore wind power, photovoltaics) is aimed for
  • Possible participation in state-regulated feed-in tariffs for electricity from renewable energies
  • IIssue and redemption of units generally on any trading day without notice period5 via the fund company
  • Opportunity to achieve stable returns while making a positive contribution to climate protection and adaptation to climate change
  • Professional asset and fund management
  • Many years of experience of the Commerz Real Group in the field of renewable energies
  • Independence from short-term fluctuations on the stock market

The risks of klimaVest

  • The value of infrastructure investments and liquidity investments may fluctuate
  • Specific risks associated with investments in renewable energy (e.g. wind, solar radiation, general climate changes, technology, transmission by cable)
  • Despite extensive currency hedging, a residual currency risk remains
  • Distributions may not materialize
  • Certain conditions apply to the redemption of units5
  • The limited tradability of illiquid real asset investments harbours the risk of a temporary suspension of unit certificate redemption or even an orderly dissolution of the fund in the event of liquidity bottlenecks
  • Subsequent changes may be made to the feed-in tariff by the government at the expense of investors
  • Changes to the legal requirements may mean that the fund's assets no longer meet regulatory requirements and may subsequently have to be sold at a loss
  • Construction and development risks for infrastructure projects, such as fluctuations in the price of construction materials

Website legal notice

This is a marketing advertisement. Please read the klimaVest Information Memorandum and the Key Information Document before making an investment decision. You can obtain this and other documents (e.g. the current annual and semi-annual report) free of charge in German in written or file form from your adviser or directly from Commerz Real Fund Management S.à r.l.. You can also download the documents from the Internet at https://www.klimavest.de/downloads/. For more information on sustainability-related aspects (according to the Disclosure Regulation), please visit https://crfm.commerzreal.com/. A summary of your investor rights can be found online in German at https://www.klimavest.de/rechtliche-hinweise. Commerz Real Fund Management S.à r.l. has the right to revoke the cross-border distribution of klimaVest at any time. This page is for information purposes only and does not constitute an individual investment recommendation or an offer to buy or sell securities or other financial instruments. 

1The fund management company is Commerz Real Fund Management S.à r.l.

2Calculated using the BVI method (excluding initial charge, distribution reinvested immediately). Past performance is not indicative of future returns. Target return statements are not indicative of future returns.

3Statements on “avoidance” or “measurability” of CO₂ emissions or similar statements regarding CO₂ and/or CO₂e (this refers to the CO₂ equivalent which, in addition to the greenhouse gas carbon dioxide (CO₂), also takes into account other greenhouse gases such as methane (CH₄), nitrous oxide (N₂O) or fluorocarbons (HFCs). For better legibility, however, the term CO₂ is used here) must always be read and understood in conjunction with the methodology explained at https://klimavest.de/messbar/. Measurable contribution means that klimaVest promotes electricity generation from renewable energies and thereby avoids CO₂ emissions that would have arisen in the generation of electricity from fossil energy sources. CO₂ avoidance is calculated on the basis of country-specific avoidance factors of the Technical Working Group of International Financial Institutions (IFI), based on the Combined Margin Approach of the United Nations Framework Convention on Climate Change (UNFCCC), taking into account sector-specific upstream CO₂ emission factors of the Federal Environment Agency. Avoidance factors will decrease in the future due to the expected increasing share of renewable electricity in the electricity mix. Statements on achieved or planned CO₂ avoidance are not a reliable indicator of actual future CO₂ avoidance. Objectives can be exceeded or fallen short of.

4Largest ELTIF / Market Leader in Germany: Scope ELTIF Study 2026, “Successful Mass Launch – Overview of the ELTIF Market 2025/2026,” as of December 31, 2025, published March 26, 2026, pages 2 and 9.

5No notice period or minimum holding period for redemptions up to EUR 500,000; 12 months notice period for redemptions > EUR 500,000 p.a.; possible redemption restrictions due to insufficient liquidity; total redemption amount at each redemption date limited to 50% of the Fund’s liquidity investments.