Commerz Real’s Klimavest real assets fund has reached an equity capital volume of €1 billion ($1.06 billion) two years after its launch.
Klimavest is a European long-term investment fund (ELTIF) that plans to develop a broad-based portfolio of sustainable infrastructure and plants for renewable-energy generation. In the medium term, the open-ended fund is expected to reach a volume of €10 billion ($10.6 billion). The fund’s portfolio now consists of 33 operational wind farms and solar parks, as well as 10 solar park project developments in Germany, France, Spain, Finland and Sweden.
In the fund’s past 2021-2022 business year, the fund’s existing plants generated a total of 661 gigawatt-hours of green electricity, enough to cover the electricity requirements of more than 200,000 German households.
“Given the great significance of renewable energy supply in Europe we expect to see a further acceleration of the energy transition, coupled with new and
