Germans make backyard gain
Commerz Real Capital-Management buys 16.8MW Flaeming wind farm
Commerz Real Capital-Management Company has acquired the 16.8MW Flaeming wind farm in Brandenburg in Germany from BVT Group for €37.2m.
The project, which has been operational since the start of the year, has been acquired for Commerz Real’s CR Institutional Renewable Energies Fund, which is focused on the German onshore wind market.
It comprises seven Nordex turbines, which the German manufacturer will also service for 15 years.
Commerz Real board member responsible for institutional business Johannes Anschott said: “It is our objective to acquire additional plants that will be connected to the national grid by 2018.”