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Transactions - SEPTEMBER 29, 2020

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Commerz Real snaps up three wind farms in southern Sweden

by Kali Persall

Commerz Real has agreed to pay €82.5 million ($96.1 million) for three wind farms in southern Sweden with a total installed capacity of 68 megawatts.

The seller was Eolus, one of the largest wind power developers in the Nordics. Under the agreement, Eolus will construct the wind farms and Commerz Real will initially fund the construction via an all-equity investment.

The transaction covers all the shares in the three project companies that hold the project rights for the wind farms: the 24-megawatt Boarp wind farm in the Vaggeryd municipality, the 26-megawatt Dallebo facility in the Ulricehamn municipality, and the 18-megawatt Rosenskog asset in the Falkoping municipality. Commerz Real is expected to assume ownership in fall 2023.

“The wind farms contribute to our international diversification and are an important step for further growth,” said Jan-Peter Muller, head of infrastructure investments at Commerz Real. “They show our dedication to strengthen o

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