In order to advance the marketing of onshore wind projects in Germany and Europe, Enercon has initiated a fund platform for investors. The ‘Enercon Wind Onshore Deutschland I’ fund has been launched as the first investment product.
The fund has been designed as a closed-ended reserved alternative investment fund. The fund was able to secure two large public law insurance companies as anchor investors. The subscribed capital exceeded the investment volume of €50 million by almost double. EB – Sustainable Investment Management GmbH (EB-SIM), a 100% subsidiary of the Evangelische Bank, will function as investment advisor. Universal Investment has been commissioned as Alternative Investment Fund Manager (AIFM). On the sales side, the Warburg Bank offered support.
The ‘Enercon Wind Onshore Deutschland I’ is investing in five German wind farms that are already in operation. The wind farms comprise 31 Enercon wind energy converters with a total nominal power of 79MW. All of the projects will receive a fixed feed-in tariff under the German Renewable Energy Sources Act (EEG) for 20 years. Enercon will take over the maintenance and servicing of the wind energy converters for 25 years.