Commerz Real has acquired the 45.6-megawatt Lumivaara wind farm in Finland from Energiequelle, one of the 10 largest renewable-energy companies in Germany.
The Lumivaara wind farm, which has been connected to the grid and has eight turbines, can cover the calculated annual demand of more than 20,000 average Finnish households with its estimated electricity production.
The wind farm is located in the municipality of Hyrynsalmi, a part of the Kainuu region, north of Helsinki. Turbine manufacturer Nordex is responsible for ongoing full maintenance, while Energiequelle is responsible for the technical and commercial management of the wind farm. Financial terms of the transaction were not disclosed.
Lumivaara represents the fourth wind farm purchased for Commerz Real’s Klimavest real assets fund in Finland, bringing the total capacity to more than 170 megawatts. Commerz Real previously acquired the Takanebacken in December 2022 and Torvenkylä wind farm in March 20
