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February 24, 2021

Commerz Real acquires stake in EnBW wind farm portfolio in Germany

Investment firm Commerz Real has acquired a 49.9% stake in a portfolio of 14 onshore wind farms in Germany owned by EnBW Energie Baden-Württemberg.

By Umesh Ellichipuram

Investment firm Commerz Real has acquired a 49.9% stake in a portfolio of 14 onshore wind farms in Germany owned by EnBW Energie Baden-Württemberg.

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
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  • Green hydrogen 
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The wind farms use 47 wind turbines with 133MW of total generation capacity. They are located at sites in the German states of Baden-Württemberg, Brandenburg, Rhineland-Palatinate and Saarland.

Most of the wind farms involved in the deal became operational in 2017. All of them use a feed-in tariff under the German Renewable Energy Sources Act.

Commerz Real has acquired the stake in this portfolio for its Klimavest impact fund. CEO Gabriele Volz said: “This cooperation marks a key milestone for both Klimavest and Commerz Real.  As well as being one of Germany’s biggest energy groups, EnBW is also one of the leaders in developing and operating renewable energy installations, and we hope that many more joint projects will follow.”

As per the terms of the deal, EnBW will continue to manage, service and maintain the wind farms and market the renewable energy generated by them.

The portfolio has the capacity to generate approximately 300GWh of energy annually, powering more than 100,000 three-person households in Germany.

EnBW CFO Thomas Kusterer said: “In Commerz Real, we are delighted to have found an investor with a long-term commitment to EnBW’s projects.

“The partnership covers the entire operating life of the wind farms. We plan to invest the sale proceeds in new growth projects, primarily in the renewable energy segment.”

Completion of the transaction is subject to regulatory approval and is expected lateer this year. The companies have not disclosed financial details of the deal.

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Free Report
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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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