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Commerz Real buys 45.6MW Finnish project

RICHARD HEAP

March 26, 2024

German asset manager Commerz Real has bought the 45.6MW Lumivaara wind farm in Finland from Energiequelle for its Klimavest fund.

Commerz Real said this was the third onshore wind project it has bought from Energiequelle, following deals for the Takanebacken and Torvenkyl√§ projects in December 2022 and March 2023 respectively. Lumivaara is located in the country’s Hyrynsalmi municipality.

Yves-Maurice Radwan, head of green deal infrastructure at Commerz Real, said: “Finland offers excellent conditions for wind energy and the legal framework for the construction and operation of subsidy-free wind farms is also very favourable. We have therefore seized the opportunity to secure another profitable asset for our investors in cooperation with Energiequelle.”

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