A European infrastructure fund backed by major Benelux pension funds and its Danish partner have announced that they will expand an onshore wind farm project in Germany.
NIBC’s €350m European Infrastructure Fund (NEIF) and Copenhagen-based European Energy A/S said they have reached an agreement to expand the Altlandsberg facility in Brandenburg, east of Berlin.
“The additional acquisition from third parties brings the total operating capacity of the wind farm to 14MW and enlarges the portfolio that European Energy and NEIF hold together to 48MW,” they said in a statement.
They did not provide financial details of the deal. The project was originally developed by Germany-based win:pro and became operational in 2003 and 2004.Privately held renewables project developer European Energy is investing as a minority shareholder alongside NEIF and will manage the additional capacity with the existing portfolio.
The latest move is the latest in a series of renewables transactions for NIBC and the NEIF fund. Earlier this month NIBC closed the financing of Germany’s first offshore wind farm in the Baltic Sea, the 48MW Baltic 1. In October NIBC Infrastructure & Renewables Frankfurt closed the financing of a 68MW solar park in Alt Dabber, Germany.
In July NEIF partnered with DIF Infrastructure II to buy the 40MW Finsterwalde II and III solar facilities in Germany. And in May the fund teamed up with Electrawinds on a three-wind-farm 32MW portfolio in Belgium and France.