Commerz Real has issued an additional special fund for renewable energies through its Luxembourg-based company CR Fund Management S.à r.l.
Commerz Real Institutional Renewable Energies Fund II intends to invest in as many as 10 onshore and offshore wind farms, solar farms and other assets.
Commerz Real will acquire as much as approximately €500 million ($557 million) from institutional investors. The first investments have been made with the acquisition of a wind farm near Parchim in Mecklenburg-West Pomerania and a shareholding in the second-largest German offshore wind farm, Veja Mate.
“With our second renewable energies special fund, we are offering international investors above all the possibility to enter a rapidly growing future market, and thus allowing them to profit from our asset management experience which goes back more than 20 years in this segment,” said Johannes Anschott, the member of the board of management of Commerz Real responsible for
