CHORUS Clean Energy AG gets €25 million injection from German pension funds

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
CHORUS Clean Energy AG gets €25 million injection from German pension funds

CHORUS Clean Energy AG based in Neubiberg near Munich, a company specializing in the operation of solar and wind power plants, has agreed on a comprehensive cooperation with two notable German pension funds.

The goal is to build up a portfolio of photovoltaic and wind power plants in several European countries. To this end the two pension funds provide equity capital amounting to about €25 million. Besides the build-up of the portfolio CHORUS will be mandated to provide all asset management services including the operation of the plants. 

With the new cooperation CHORUS positions itself again as a service provider of asset management services for institutional investors. Regarding all other aspects of the agreement the two parties have agreed to not disclose any further information.

Holger Götze, CEO of CHORUS Clean Energy AG, stated:

“Before our successful IPO, we announced to further expand our Asset Management business. We are pleased that only one week after the listing of our Company we are already able to announce first results. With our approach to cover the entire value chain of a renewable energy plant we will acquire further institutional investors.”

CHORUS Group was founded in 1998 and operates solar and wind parks in five European countries. To date, 67 solar and wind parks with an output of more than 250 megawatts have been realized.

List of country news

Country news

  • October 19, 2015

    ERG Renew acquires 11 French and 6 German wind farms with an overall capacity of 206 MW

    ERG Renew has recently signed an agreement for the acquisition from a fund managed by Impax Asset Management Group of eleven wind farms in France, with an installed capacity of 124 MW, and six in Germany, with an installed capacity of 82 MW. Read more
  • October 16, 2015

    John Laing Group announces first investment in wind farm repowering project in Germany

    UK's infrastructure developer John Laing Group has announced that it will invest approximately €45-50 million to acquire a 100% interest in the Klettwitz wind farm in Brandenburg Schipkau, Germany from Ventotec GmbH, the developer of the site. Read more
  • October 13, 2015

    DONG Energy inaugurates its first offshore wind farm in Germany

    DONG Energy, the LEGO Group and William Demant Invest A/S have recently inaugurated the offshore wind farm Borkum Riffgrund 1 in Germany. Read more
  • October 09, 2015

    Capital Stage acquires German wind park

    Capital Stage, the Hamburg-based solar and wind park operator, has acquired a wind park in Brandenburg, Germany, with a generation capacity of 7.5 MW. Read more
  • October 06, 2015

    Nordex acquires Acciona windpower

    Acciona has sold its wind subsidiary, Acciona Windpower S.L., to Nordex, a mid-sized manufacturers of wind turbines for the international onshore market Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.