SUSI Partners, through its SUSI Renewable Energy Fund II (SREF II), has sold a 99-megawatt German wind portfolio to Qualitas Energy. Financial terms were not disclosed.
The German wind portfolio consists of seven wind farms geographically diversified across the country. The assets combine for 33 turbines and an average annual production of 213 gigawatt-hours, enough to meet the electricity demand of approximately 63,000 German households.
One of the earliest examples of large-scale institutional investment in renewable energy in Germany, the portfolio was a spearhead in the country’s transition to renewable energy sources, leading to the avoidance of approximately 770,000 tonnes of carbon dioxide emissions equivalent.
SUSI acquired the seven wind farms through individual transactions between 2015 and 2017 and secured debt financing at attractive terms while retaining prudent leverage levels. The geographical distribution and technological heterogeneity of the
